Ree 4103 Study guides, Class notes & Summaries

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info from transitional neighborhood to get stable An appraiser may be liable for all of the following except: Negligence Misrepresentation Fraud Low value - Low Value For appraisal purposes, market value may be defined as: - The most probable selling price Appraisal is - The act or process of developing an opinion of value. The concepts of land are - Legal, geographic and environmental, economic, and social. The tenant of a small, freestanding retail building is a baker who has i...

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Those assets that are not tangible real property, tangible personal property, or financial assets. Something that is not materal, not corporeal, or not substantially real are _________. Real property Personal property Finite assets Intangible assets - ANSWER Intangible Assets An estate in land describes the ___________________ that a person has in the real property. inheritence degree, nature, or extent of interest fee simple interest value - ANSWER degree, nature, or extent of interes...

REE 4103 EXAM Solved with Complete Solutions to Questions A gross lease is one that: Tenant pays for all operating expenses Landlord pays for all operating expenses Applies only to commercial properties Rent rises with the cost of living - ANSWER Landlord pays for all operating expenses

Which of the following is the best example of using an appraisal in litigation? Develop feasibility of construction or renovation project. Developing an opinion of fair value for financial reporting. To establish a basis for real property exchange.