Comparables - Study guides, Class notes & Summaries

McKissock Liberty University -McKissock Appraisal Procedures question n answers graded A+A single unit residence sold for $126,000. It was rented for $1,100 per month but the market rent was $1,200. What is the GRM indicated by this sale? - correct answer 105.0 A building was constructed in July 2000 for $754,200. The cost index at that time was 133.6. The current cost index is 201.8. What is the indicated cost new of the building today? - correct answer $1,138,842 Property that fronts on ...

National PSI Exam Prep (2022/2023) Graded A+ A broker is completing a CMA to determine the potential listing price of a seller's home. Which of the following is NOT part of the final CMA given to the seller? A) Highest and best use evaluation B) Comparable sales analysis C) Adjustments to past sales D) Pictures of comparables A Houses in the local area have had an increase in sales price and a decrease in days on the market. A broker who is attempting to determine the current market va...

Exam review of Wall Street Prep's trading comps - valuation methodology

Residential Sales Comparison and Income Approaches Exam - Spring 2024, Answered A mortgage with equal payments for each period over the length of the loan is called a __________ loan. Standardized Equal rate Graduated payment Fixed rate The first step in the Sales comparison approach procedure is to research the market The COMPETENCY RULE of USPAP says an appraiser must have "the _______________________ to complete the assignment competently." Knowledge and experience The Sales Comparison Ap...

Different ways to valuate a company (6) - Merger Analysis Leveraged Buyout Discounted Cash Flows Public Comparables Acquisition Comparables Other What is Time Value of Money? - Money available at the present time is worth more than the same amount at a future date Since money can be invested and earn interest, it is worth more the sooner it is received Additionally, positive inflation devalues currency, making the same amount of money to be able to buy less goods in teh future

A Tennessee licensee must use the "Exclusive Right to Sell" form required by the licensee's broker. According to the level of authority delegated to the agent, the usual real estate agency is a limited agency. When must the contract be in writing? John is agreeing to sell his shed to Shawn for $1,000. One disadvantage in using active listings for comparables is they provide somewhat dubious comparisons because listing prices are not selling prices. Why is it sometimes necessary to inclu...

McKissock Appraisal Procedures Question and answers rated A+ McKissock Appraisal Procedures A single unit residence sold for $126,000. It was rented for $1,100 per month but the market rent was $1,200. What is the GRM indicated by this sale? - correct answer 105.0 A building was constructed in July 2000 for $754,200. The cost index at that time was 133.6. The current cost index is 201.8. What is the indicated cost new of the building today? - correct answer $1,138,842 Property that fr...

A broker is completing a CMA to determine the potential listing price of a seller's home. Which of the following is NOT part of the final CMA given to the seller? A) Highest and best use evaluation B) Comparable sales analysis C) Adjustments to past sales D) Pictures of comparables - ️️A) The answer is highest and best use evaluation. An appraiser does a highest and best use evaluation, which does not appear in a CMA. Houses in the local area have had an increase in sales...

In appraisal, the adjustment process, whereby, comparables are adjusted to the subject property is known as: (a) averaging. (b) reconciliation. (c) weighing. (d) comparing - The correct answer is b: In appraisal, reconcilation is the process of interpreting the data gathered by bringing the various value estimates into mutual relationship with one another to determine a final estimate of value. With this process, the comparables are always adjusted to the subject property. The objective...

A lease with option to buy is a good home buying solution for some buyers. Which of these statements about a lease with option to buy is FALSE? - Option agreements usually don't include a termination date. A residential income property has 10 units. Each apartment rents for $1,000 per month and has two bedrooms, a bathroom, a living room, and a kitchen. What's the scheduled rent for this property on an annual per-room basis? - Each apartment is counted as four rooms, so each room rents fo...