Texas Real Estate Appraisal Question and answers correctly solved

Texas Real Estate Appraisal Question and answers correctly solved What can proper drainage do for a building site? - correct answer Protect the foundation The ______ method converts a single year's expected income (or an annual average) into a market value. - correct answer Direct Capitalization Basic property rights include the rights of possession, control, exclusion, enjoyment, and ______. - correct answer Disposition What type of value may consumers be interested in if they are looking for the potential rate of return? - correct answer Investment Value How are adjustments made in the analysis used in the sales comparison approach? - correct answer by adding or subtracting a dollar value or percentage from the sales price of the comparable property Which of the following best describes vacancy and collection losses? - correct answer A percentage of potential gross income based on the market, the property, and the appraiser's judgment What does the I in the acronym MARIA stand for, when determining whether an item is a fixture? - correct answer Intention in placing item on land Darren set up a land trust so that his children could benefit from his real estate investments after he dies. He asked his financial advisor Tom to manage the trust. Darren is the ______. - correct answer Trustor