Barney Fletcher
Liberty University
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Barney Fletcher Exam Questions 4 QUESTIONS WITH COMPLETE SOLUTIONS
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which BEST describes the principle that a home maintains its highest value in a neighborhood with similar homes and similar type housing?
A. substitution
B. conformity
C. highest and best use
D. competition correct answer: B. conformity
If you took projected future costs from projected future income, you would arrive at:
A. capitalization rate
B. projected net income
C. projected debt service
D. projected debt coverage correct answer: B. projected net income
Exam (elaborations)
Barney Fletcher Exam Questions 4 QUESTIONS WITH COMPLETE SOLUTIONS
Last document update:
ago
which BEST describes the principle that a home maintains its highest value in a neighborhood with similar homes and similar type housing? A. substitution B. conformity C. highest and best use D. competition correct answer: B. conformity If you took projected future costs from projected future income, you would arrive at: A. capitalization rate B. projected net income C. projected debt service D. projected debt coverage correct answer: B. projected net income
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