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

What is appraisal? - The act or process of developing an opinion of value of an asset What is USPAP? - Uniform Standards of Professional Appraisal Practice What is real estate? - An identified parcel or tract of land, including imporvements, if any. The physical land and appurtenances affixed to the land What is real property? - The interests, benefits, and rights inherent in the ownership of real estate (land, buildings, fixtures) What is the total range of private owneership intere...

REE 4103 EXAM Questions with 100% correct answers | verified | latest update 2024

An allowance for vacancy and collection loss is estimated as a percentage of: - ANSWER Potential Growth Income The anticipated income that remains after deducting all operating expenses from effective gross income but before mortgage debt service is: - ANSWER Net Operating income A _______________ would have the lowest ratio of operating expenses to gross income incurred by the landlord. - ANSWER triple-net (absolute net)

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

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