Ree 4103 exam 2 questions - Study guides, Class notes & Summaries
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REE 4103 EXAM 2 Bliss Questions and Answers 100% Pass | Graded A+
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REE 4103 EXAM 2 Bliss Questions and 
Answers 100% Pass | Graded A+ 
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 - Have the same or 
similar highest and best use 
Price per front foot is 
a physical unit of comparison 
not as accu...
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REE 4103 EXAM 2 BLISS QUESTIONS WITH VERIFIED ANSWERS
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REE 4103 EXAM 2 BLISS QUESTIONS WITH VERIFIED ANSWERS 
Functional ObsolescenceSuppose the subject is a three-story officebuilding that has no elevator in a market that demands an elevator. The cost of the elevator if installed new when built was $75,000, but the cost to install it today is $210,000. Similar properties with the same problem in this market generally sell for $200,000 less than properties with elevators. The improvement is 14 years old, and the physical depreciation would be 2% per...
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Bundle For REE 4103 EXAM 2 BLISS QUESTIONS WITH VERIFIED ANSWERS
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REE 4103 EXAM QUESTIONS WITH REVISED ANSWERS – UPDATED

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REE 4103 EXAM 2 BLISS QUESTIONS WITH VERIFIED ANSWERS

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REE 4103 EXAM 2 QUESTIONS WITH REVISED ANSWERS – UPDATED

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REE 4103 TEST 1 QUESTIONS WITH REVISED AND UPDATED ANSWERS
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REE 4103 EXAM 2 Bliss Questions With Revised Answers
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REE 4103 EXAM 2 Questions With Revised 
Answers 
CH 17 
If the site represents 40% of the total value in a particular neighborhood, how much land value 
would be allocated from a $200,000 sale of a single family home? 
A. $120,000.00 
B. $8,000.00 
C. $80,000.00 
D. $200,000.00 - answer$80,000.00 
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%. 
Wha...
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REE 4103 EXAM 2 QUIZ QUESTIONS, REE.
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REE 4103 EXAM 2 QUIZ QUESTIONS, REE.
And that's how you make extra money
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REE 4103 - Real Estate Exam 2-Quiz Questions and Answers.
- Exam (elaborations) • 11 pages • 2021
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REE 4103 - Real Estate Exam 2-Quiz Questions and Answers. / REE 4103 - Real Estate Exam 2-Quiz Questions and Answers. 
Real Estate Exam 2 Quiz Questions 
Chapter 17 
1. If the site represents 40% of the total value in a particular neighborhood, how much 
land value would be allocated from a $200,000 sale of a single family home? 
 $80,000 
2. 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 l...
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REE 4103 Real Estate Exam 2-Quiz Questions and Answers
- Exam (elaborations) • 8 pages • 2021
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Real Estate Exam 2 1. If the site represents 40% of the total value in a particular neighborhood, how much land value would be allocated from a $200,000 sale of a single family home? 2. 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? 3. Land can be valued by 4. Land is always value...
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