Price per square foot - Study guides, Class notes & Summaries

REE - Exam 2 Questions And Revised Correct Answers 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 65 feet wide; the lot under appraisal is 60 feet. Comparable sales indicate that lots are selling at $120 to $150 per front foot. What is a good estimate of the price range for this lot? - ANSWER : $7,200 to $9,000 The land valuation technique that relies on an analysis of ratios of land value to property ...

ASREB Practice Exam, Sessions 1-18, Study Guide; Questions and Answers 100% Verified ASREB AnswerA 3.45-acre lot sells for 50 cents per square foot. What is the selling price? A) $37,570 B) $75,141 C) $76,230 D) $78,712 Answer-B 3.45 acres x 43,560 = 150,282 SF 150,282 SF x $0.50 = $75,141

REE 4103 EXAM 2 BLISS QUESTIONS WITH VERIFIED ANSWERS To estimate its market value, the land under an improved property is best compared to sales of vacant land that Have the same or similar highest and best use Have the same type of building on them (after the sale) Show the maximum value for the subject property Show the minimum value for the subject property - Answer-Have the same or similar highest and best use Price per front foot is a physical unit of comparison not as accu...

Which of the following is NOT required for a deed to be valid? 1. Delivery 2. Acceptance 3. Conveyance 4. Recordation correct answers 4. Recordation While recording a deed does not affect its validity, it is extremely important to record since recordation protects the grantee. If a grantee fails to record, and another deed or any other document encumbering or affecting the title is recorded, the first grantee is in jeopardy. Habendum Clause correct answers "to have and to hold" langu...

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...

PICAT/ASVAB Test Exam | Questions and Answers Graded A+ Latest 2024/2025 The price of Salmon at a fish market is $5.40 per pound. This is 150% of its cost at a supermarket. How much would it cost per pound at the supermarket? - CORRECT ANSWER $3.60 Jerry walked a dog from 6:40am to 7:30am one day, Paid at the rate of $6 per hr, how much did he earn that day? - CORRECT ANSWER $5 If 35 of the 140 cars delivered to a dealer were blue, what percent of the cars were blue? - CORRECT ANSWER...

PICAT/ASVAB Test Exam | Questions and Answers Graded A+ Latest 2024/2025 The price of Salmon at a fish market is $5.40 per pound. This is 150% of its cost at a supermarket. How much would it cost per pound at the supermarket? - CORRECT ANSWER $3.60 Jerry walked a dog from 6:40am to 7:30am one day, Paid at the rate of $6 per hr, how much did he earn that day? - CORRECT ANSWER $5 If 35 of the 140 cars delivered to a dealer were blue, what percent of the cars were blue? - CORRECT ANSWER...

A 3.45-acre lot sells for 50 cents per square foot. What was the selling price? a. $37,570 b. $75,141 c. $76,230 d. $78,712 - Answer-b. $75,141 A blind ad refers to an ad that a. provides no price b. provides no address c. gives no indication that the property is listed with a broker d. gives no indication that the property has been sold or not - Answer-c. gives no indication that the property is listed with a broker A borrower is required to put 10% down for the purchase of a propert...

ASREB Practice Exam Questions with Verified Answers A 3.45-acre lot sells for 50 cents per square foot. What was the selling price? a. $37,570 b. $75,141 c. $76,230 d. $78,712 b. $75,141 A blind ad refers to an ad that a. provides no price b. provides no address c. gives no indication that the property is listed with a broker d. gives no indication that the property has been sold or not c. gives no indication that the property is listed with a broker A borrower is required t...

IAAO Course 300 (2022/2023) Already Passed Mass appraisal Systematic appraisal of groups of properties as of a given date using standardized procedures and statistical testing. Purpose of mass appraisal Equitable and efficient appraisal of all property in a jurisdiction for ad valorem tax purposes. When did first generation computers emerge? The 1950s Mass appraisal models may be: Physical, conceptual or mathematical. Property valuation models seek to explain or predict what? The market valu...