Private value auctions - Study guides, Class notes & Summaries

An appraisal can be completed by which of the following? A home inspector A real estate broker A licensed appraiser using USPAP standards A mortgage loan originator - ANSWERA licensed appraiser using USPAP standards What is a BPO? Broker Price Opinion Best Practice Organization Best Prospective Offer Beyond Present Opportunities - ANSWERBroker Price Opinion Which of the following is incorrect? Farming methods include Direct Mail and Just Listed Post Cards. Farming only invo...

Cfa level 1 complete question and answers already passed 2024 Private value auctions - correct answer Value is subjective and different to each bidder Ascending price (English) auction - correct answer Bidders can bid amounts greater than the previous bid, and the bidder that first offers the highest bid wins the item and pays the amount Sealed bid auction - correct answer Each bidder submits one bid, which is unknown to the other bidders and the bidder with the highest bid wins the it...

Ch 18, Auctions Exam Questions With 100% Correct Answers 2024 Oral Auction / English Auction - answerBidders submit increasing bids until 1 bidder remains. Item goes to last remaining bidder what is the expected revenue of the auction? - answerweighted average of x outcomes (where the weights are the probabilities of each) how to calculate weighted average of expected revenue? - answer(winning bid x probability ) + (winning bid x probability) Another name for Vickey Auction? - answerSeco...

An opinion of value - ANSWER The appraised value of a property is: assessed value - ANSWER the amount that your local government determines your property to be worth for tax purposes subject property - ANSWER The property that is being appraised. ad valorem - ANSWER according to value Principle of Conformity - ANSWER Maximum value is found when there is a reasonable degree of similarity or homogeneity USPAP (Uniform Standards of Professional Appraisal Practice) - ANSWER Standards ...

CIPS L4M1 - Question & Answer Past exam questions latest 2023/2023 O1. Outline FIVE differences between purchasing goods and purchasing services. 1. Goods are tangible, services are intangible: 2. Services cannot be separated from their supplier: 3. Heterogeneity: goods are usually uniform in nature while services are unique at each delivery 4. Services 'perish' immediately on delivery whereas goods can be stored until required 5. Products are easier to specify, being tangible O2. Exp...

List the causes of Mergers Waves correct answer: Economic Growth Changes in regulation, technology Availability of financing Innovation in the M&A setting Target at 52 Week Highs Characteristics of merger waves.. correct answer: 1-future cycles of economic growth support waves 2- bidder does best at the beginning of a cycle (less likely to overpay) 3- target does better later in the cycle after prices have been bid up 4-M&A activity currently seeing an upward trend Characteristics...

Auction Exam Questions With 100% Correct Answers 2024 How Auctions Vary - answer1. How the price is set 2. How the bid is placed 3. Value Type Two types of price setting for Auctions - answer1. "first price auction": highest bidder pays her own price 2. "second price auction": highest bidder pays the second highest price Two types of bid placing for auctions - answer1. "sealed bid" bids are PRIVATE so no one knows the others bid 2. "open outcry" bids are public- everyone knows ...

Auction Exam Questions With 100% Correct Answers 2024 How Auctions Vary - answer1. How the price is set 2. How the bid is placed 3. Value Type Two types of price setting for Auctions - answer1. "first price auction": highest bidder pays her own price 2. "second price auction": highest bidder pays the second highest price Two types of bid placing for auctions - answer1. "sealed bid" bids are PRIVATE so no one knows the others bid 2. "open outcry" bids are public- everyone knows ...

What is an Offer? - 1) opinions about future results, including professional opinions 2) statements of intention (including letters of intent which merely memorialize negotiations) 3) invitations to submit a bid 4) price estimates 5) advertisements, catalogs and mass mailings 6) auctions with reserve Characteristics of sole proprietorship - Unlimited personal liability for losses Management No formalities Net profits taxable to owner Can file fictitious business name (d/b/a) CORPORATI...

LAW OF CONTRACT NOTES: Contract as an agreement intended to create enforceable obligations A contract is an agreement between two or more parties. The extra ingredient that distinguishes contracts from non-binding agreements is a serious intention to create legally enforceable obligations (animus contrahendi). The absence of an animus contrahendi explains why ‘gentlemen’s agreements’ are not enforceable as contracts. Legally binding agreements that are not contracts: The ...