Ree 4103 exam 2 questions - Study guides, Class notes & Summaries

REE 4103 EXAM 2 QUIZ QUESTIONS, REE Exam 2, REE 4103 Test 2 Questions with 100% correct answers | verified | latest update 2024

In the subject property's neighborhood, improved properties are selling for prices in a range of $140,000 to $160,000. Research reveals a typical land value-to-total property value ratio of 20%. What is the range of value for a similar site in this neighborhood? - $28,000 to $32,000 Land can be valued by - Sales comparison, land residual, allocation, and extraction You are asked to appraise a vacant building lot. The neighborhood is about 75% built up. Most lots in the area are from 55 to...

REE 4103 EXAM 2 QUESTIONS WITH REVISED ANSWERS – UPDATED When reconciling the adjusted sales price of comparables, the greatest emphasis should be given to: - Answer-none of the above You are analyzing a sale in which the mathematical calculation of cash equivalency calls for a $10,000 downward adjustment. However, by use of several paired data sets, you find that the market only recognizes a $4,000 downward adjustment. What is the adjustment for financing? - Answer-$4,000 Valuation as...

Sales comparison approach - An opinion of market value is developed by comparing properties similar to the subject property that have recently been sold, are listed for sale or are under contract What is a major premise of the sales comparison approach? - An opinion of the market value of a property can be supported by studying the market's reaction to comparable and competitive properties Comparative analysis of properties and transactions - _____ focuses on similarities and differences ...

REE 4103 Exam 2 Questions with Complete Solutions.

If the site represents 40% of the total value in a particular neighborhood, how much land value would be allocated from a $200,000 sale of a single family home? Correct Answer-$80,000 In the subject property's neighborhood, improved properties are selling for prices in a range of $140,000 to $160,000. Research reveals a typical land value to total property value ratio of 20%. What is the range of value for a similar site in this neighborhood? Correct Answer-$28,000 - $32,000 Land can be v...

Those assets that are not tangible real property, tangible personal property, or financial assets. Something that is not materal, not corporeal, or not substantially real are _________. Real property Personal property Finite assets Intangible assets - ANSWER Intangible Assets An estate in land describes the ___________________ that a person has in the real property. inheritence degree, nature, or extent of interest fee simple interest value - ANSWER degree, nature, or extent of interes...

REE 4103 EXAM 2 QUIZ QUESTIONS, REE Exam 2, REE 4103 Test 2

REE 4103 Exam 2 UCF Botts Questions with Complete Solutions

REE 4103 EXAM 2 QUIZ QUESTIONS, REE Exam 2, REE 4103 Test 2