Ree 4143 - Study guides, Class notes & Summaries

REE 4143 Exam 1 Questions with complete Solutions

Property Tax is included in which of the following? Correct Answer- As part of the data analysis step in the appraisal process, it is necessary to consider the highest and best use of the property in question. In regards to determining the highest and best use, all of the following are true except: Correct Answer- Direct capitalization applies multipliers and rates to: Correct Answer-First year Income Which of the following is NOT an example of the use of direct capitalization? Correct ...

Which of the following about appraisal is incorrect? is the act of process of developing an opinion of value provides an unbiased estimate of the value of an identified interest in real property, related personal property, or intangible assets follows the uniform standards of professional appraisal practice (USPAP) requires an appraiser to use all of the three approaches. - requires an appraiser to use all of the three approaches. ___ assumes the business operation will continue. busin...

The term "fee simple estate" refers to which of the following? A. An estate that is leased; with no percentage rents. B. An estate that is leased at a set fee. C. An estate that is not subject to any leases. D. An estate that is owned by only one person. - C. An estate that is not subject to any leases. In _______ the tenants holds a leasehold interest in the land and owns the improvements until the land lease expires. - land lease ______ can be valued as the present value of the lea...

REE 4143 FSU Exam 2 quiz bank - argus Suppose the analysis period is 5 years. In "Create Property Asset", you set "Analysis Years" as 5. At the end of year 5, you are going to convert NOI in year 6 using terminal cap rate. Then you set Cap Rate as "10.0%" in tab "Valuation" "Property Resale" and "CAP NOI (12 months after sale)". After you enter rents for year 1-5, Argus will automatically calculate cash flow of Year 6. True False - ANSWER False ___ is used for CPI rent ...

REE 4143 Exam Questions With Correct Answers Which of the following about appraisal is incorrect? is the act of process of developing an opinion of value provides an unbiased estimate of the value of an identified interest in real property, related personal property, or intangible assets follows the uniform standards of professional appraisal practice (USPAP) requires an appraiser to use all of the three approaches. - answerrequires an appraiser to use all of the three approaches. ___ a...