Depreciated market value - Study guides, Class notes & Summaries

The appraiser must perform the necessary market analysis to obtain enough information to ___________________________. Complete the Sales Comparison Approach Fill out the URAR Make the highest and best use determination for the subject property. Educate the client Make the highest and best use determination for the subject property. A property with restaurants and retail shops on the lower level and apartments on levels above is called a(n) ___________ property. Alternate-u...

The property tax is an ____ __________ tax, meaning it is based on value. - Answer- ad valorem The assessor is responsible for the _______, ________, and __________ of all taxable property. - Answer- discovery listing valuation The taxable location of personal property is referred to as its __________. - Answer- situs An estimate of value, usually in writing, of an adequately described property, as of a given date, is termed ___ ___________. - Answer- an appraisal A jurisdiction's...

DC Property Management Exam Latest Update Graded A+ Management Plan 1. Current use 2. Current condition 3. Fiscal projections 4. Operational issues Market Analysis Regional and neighborhood evaluation focusing on: 1. Demographic conditions 2. Geographic features 3. Governmental perspective 4. Existing real estate supply 5. Future developments 6. Tenant demand Analysis of Alternatives Theoretical costs and potential for rent increase based on decision to: 1. Modernize 2....

Unit 2: The Real Estate Market Who do you think each of the following terms is most important to? Match each value with the person or agency it will probably matter to the most: Investment value, assessed value, market value 1. Investor 2. Government tax assessment office 3. Buyer - correct answer 1. Investment value 2. Assessed value 3. market value Depreciated value - correct answer depreciated value are used for tax purposes List price - correct answer List price is the price...

DC Property Management License Certification Questions and Answers 2024 The primary responsibility of a real estate property manager is to - CORRECT ANSWER-understand and implement the owner's goals and objectives If an apartment building has 20 one bedroom units which rent for $800 per month and 30 two bedroom apartments which rent for $1500 per month, what is the Gross Potential Rental Income per month? - CORRECT ANSWER-Gross Potential Rental Income per month calculation ($800 x...

ETS Major Field Test (Practice Test): Bachelor's Degree in Business. The common characteristic possessed by all assets is a) Long life b) Great monetary value c) Tangible nature d) Future economic benefit Which Foreign Direct Investment (FDI) attempts to acquire particular resources at a lower real cost than could be obtained in the home country? a) Market-seeking FDI b) Efficiency-seeking FDI c) Resource-seeking FDI d) Strategic asset-seeking FDI Under the Uniform Comm...

Management Plan This describes in detail the subject property's current use along with its physical condition, fiscal projections, and any operational issues. It also includes an analysis of the market (both regional and neighborhood), the competing properties, as well as potential improvements or alternative uses for the subject property. Market Analysis This focuses on both a regional and neighborhood evaluation, which includes the demographic conditions, geographic features, governm...

CIPS Level 4 Module 1 Questions and Answers Rated A+ The Purchasing process 1. Define Specification. 2. Select Supplier 3. Contract Agreement 4. Ordering 5. Expediting 6. Evaluation Follow up Definition of Procurement & Supply recognition of the fact that the purchasing function has a role in not just "buying inputs" but in "securing supply" Direct Costs These are costs which can be identified directly with the production of a good or service; e.g. raw materials. Usually ...

CIPS Level 4 Module 1 questions and answers 2024/2025The Purchasing process - correct answer 1. Define Specification. 2. Select Supplier 3. Contract Agreement 4. Ordering 5. Expediting 6. Evaluation Follow up Definition of Procurement & Supply - correct answer recognition of the fact that the purchasing function has a role in not just "buying inputs" but in "securing supply" Direct Costs - correct answer These are costs which can be identified directly with the production of a ...

Management Plan - Answer-1. Current use 2. Current condition 3. Fiscal projections 4. Operational issues Market Analysis - Answer-Regional and neighborhood evaluation focusing on: 1. Demographic conditions 2. Geographic features 3. Governmental perspective 4. Existing real estate supply 5. Future developments 6. Tenant demand Analysis of Alternatives - Answer-Theoretical costs and potential for rent increase based on decision to: 1. Modernize 2. Rehabilitate 3. Change 4. C...