Iaao course 102 - Study guides, Class notes & Summaries

IAAO Course 102- Chapter 2 Review with Complete Solutions Sales and Offers - ANSIn addition to sales and leases, ____________ and _______________ can be be valid sources of market information, if care is exercised. 5 Sources of Rental income Data - ANS1. Commercial Property Managers 2. Tenants of comparables properties 3. Real estate brokers and sales people 4. Sellers and Purchasers 5. Public Records Economic Rent - ANSAnother name for market rent Renewal Lease - ANSA lease that pro...

Income Approach correct answers Approach to value in which the appraiser analyzes a property's ability to earn future income Investor Asks These Questions to Analyze Investments correct answers 1. How much will it cost 2. How much will I get back 3. When will I get it back 4. What are the risks 5. What is the return on investment Return on Investment correct answers The profit or interest earned on an investment. AKA Overall yeild (Yo) or Discount Rate Recapture Rate correct answer...

IAAO COURSE 102 Questions and Answers Already Graded A The Economic Principle of Anticipation states that value is created by the expectation of benefits to be derived in the future. Chattel A mortgage on personal property. Balloon payment A payment on the balance due of a note at the end of the loan term that is in excess of the regular payment amounts. Usually found in a partially amoritized mortgage. Conventional mortgage A loan that is neither insured nor guaranteed by the federal governm...

The Economic Principle of Anticipation correct answers states that value is created by the expectation of benefits to be derived in the future. Chattel correct answers A mortgage on personal property. Balloon payment correct answers A payment on the balance due of a note at the end of the loan term that is in excess of the regular payment amounts. Usually found in a partially amoritized mortgage. Conventional mortgage correct answers A loan that is neither insured nor guaranteed by the ...

Components of the capitalization process are ________, net operating income, and capitalization rate. - ANSWER-Value Components of the capitalization process are value, ________, and capitalization rate. - ANSWER-Net Operating Income Components of the capitalization process are value, net operating income, and ________. - ANSWERCapitalization Rate Value is created by the expectation of benefits to be derives in the future. - ANSWER-Anticipation This is the underlying principle which provid...

Anticipation correct answers Value is created by the expectation of benefits to be derived in the future. Leverage correct answers The borrowing of funds in hopes of earning a greater return than the cost of the borrowed funds. Chattel mortgage correct answers A mortgage only on persona property Yo correct answers Also known as the discount rate, reflects the return on investment. Safe rate correct answers Base rate on the safest investments such as government insured investments (Yo...

The Economic Principle of Anticipation states that value is created by the expectation of benefits to be derived in the future. Chattel A mortgage on personal property. Balloon payment A payment on the balance due of a note at the end of the loan term that is in excess of the regular payment amounts. Usually found in a partially amoritized mortgage.

Sales and Offers correct answers In addition to sales and leases, ____________ and _______________ can be be valid sources of market information, if care is exercised. 5 Sources of Rental income Data correct answers 1. Commercial Property Managers 2. Tenants of comparables properties 3. Real estate brokers and sales people 4. Sellers and Purchasers 5. Public Records Economic Rent correct answers Another name for market rent Renewal Lease correct answers A lease that provides for one...

IAAO COURSE 102 Questions and Answers Already Graded A The Economic Principle of Anticipation states that value is created by the expectation of benefits to be derived in the future. Chattel A mortgage on personal property. Balloon payment A payment on the balance due of a note at the end of the loan term that is in excess of the regular payment amounts. Usually found in a partially amoritized mortgage. Conventional mortgage A loan that is neither insured nor guaranteed by the federal go...

The Economic Principle of Anticipation states that value is created by the expectation of benefits to be derived in the future. Chattel A mortgage on personal property. Balloon payment A payment on the balance due of a note at the end of the loan term that is in excess of the regular payment amounts. Usually found in a partially amoritized mortgage. Conventional mortgage A loan that is neither insured nor guaranteed by the federal government.