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Residential Market Analysis and Highest & Best Use Tests Compilation Bundle
Residential Market Analysis and Highest & Best Use Tests Compilation Bundle
[Show more]Residential Market Analysis and Highest & Best Use Tests Compilation Bundle
[Show more]Residential Market Analysis and Highest and Best Use 
market analysis Correct Answer: is a study of the market, as a whole, as well as the investigation of conditions of a component of that market, as reflected for a specific type of property. 
 
"The separation and identification of the parts of ...
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Add to cartResidential Market Analysis and Highest and Best Use 
market analysis Correct Answer: is a study of the market, as a whole, as well as the investigation of conditions of a component of that market, as reflected for a specific type of property. 
 
"The separation and identification of the parts of ...
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A property owner constructs a six-car garage at a cost of $80,000. It only adds $40,000 in value to the property. What economic principle does this best demonstrate? CORRECT ANSWERS: Contribution 
 
What are the four agents of production? CORRECT ANSWERS: land, labor, capital, coordination 
 
The ...
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Add to cartA property owner constructs a six-car garage at a cost of $80,000. It only adds $40,000 in value to the property. What economic principle does this best demonstrate? CORRECT ANSWERS: Contribution 
 
What are the four agents of production? CORRECT ANSWERS: land, labor, capital, coordination 
 
The ...
An analysis of the market conditions of supply, demand, and pricing for a specific property type in a specific area. (General) correct answer: Market Study 
 
The study of how a specific property is expected to perform in a specific market. It expands on a market analysis by addressing a specific p...
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Add to cartAn analysis of the market conditions of supply, demand, and pricing for a specific property type in a specific area. (General) correct answer: Market Study 
 
The study of how a specific property is expected to perform in a specific market. It expands on a market analysis by addressing a specific p...
Which segment of the real estate market does the subject product satisfy? Who is the market? Does the product provide what the buyer is looking for? correct answer: Utility 
 
Is there a demand for this real estate product? Are there any potential buyers? correct answer: Desire 
 
How competitive ...
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Add to cartWhich segment of the real estate market does the subject product satisfy? Who is the market? Does the product provide what the buyer is looking for? correct answer: Utility 
 
Is there a demand for this real estate product? Are there any potential buyers? correct answer: Desire 
 
How competitive ...
To measure the trends of the market area, the appraiser must ask questions about ______________________. 
Balance 
All of these items 
Supply 
Demand correct answer: All of these items 
 
In a market area, there were 192 single-family sales last year, and there are currently 72 properties on the m...
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Add to cartTo measure the trends of the market area, the appraiser must ask questions about ______________________. 
Balance 
All of these items 
Supply 
Demand correct answer: All of these items 
 
In a market area, there were 192 single-family sales last year, and there are currently 72 properties on the m...
An analysis of the market conditions of supply, demand, and pricing for a specific property type in a specific area. (General) correct answer: Market Study 
 
The study of how a specific property is expected to perform in a specific market. A marketability analysis expands on a market analysis by a...
Preview 2 out of 12 pages
Add to cartAn analysis of the market conditions of supply, demand, and pricing for a specific property type in a specific area. (General) correct answer: Market Study 
 
The study of how a specific property is expected to perform in a specific market. A marketability analysis expands on a market analysis by a...
The appraiser must perform the necessary market analysis to obtain enough information to ___________________________. 
Complete the Sales Comparison Approach 
Fill out the URAR 
Make the highest and best use determination for the subject property. 
Educate the client correct answer: Make the highes...
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Add to cartThe appraiser must perform the necessary market analysis to obtain enough information to ___________________________. 
Complete the Sales Comparison Approach 
Fill out the URAR 
Make the highest and best use determination for the subject property. 
Educate the client correct answer: Make the highes...
The power of a given commodity to satisfy a need or want is called __________________. correct answer: Utility 
 
The development of a vacant land area is _____________ the highest and best use of the land. correct answer: Not Always 
 
The Consistent-Use Theory says the _______________ must all b...
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Add to cartThe power of a given commodity to satisfy a need or want is called __________________. correct answer: Utility 
 
The development of a vacant land area is _____________ the highest and best use of the land. correct answer: Not Always 
 
The Consistent-Use Theory says the _______________ must all b...
People tend to purchase homes in areas with amenities and facilities, and where they feel insulated from adverse property conditions. This is an example of the principle of: 
 
Conformity 
Substitution 
Change 
Competition correct answer: Conformity 
 
Which of these can increase conformity in a ne...
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Add to cartPeople tend to purchase homes in areas with amenities and facilities, and where they feel insulated from adverse property conditions. This is an example of the principle of: 
 
Conformity 
Substitution 
Change 
Competition correct answer: Conformity 
 
Which of these can increase conformity in a ne...
Which of the following guides the control of the money supply in the USA? 
Capital Market 
Money Market 
Monetary Policy 
Fiscal Policy correct answer: Monetary Policy 
 
For highest and best use as improved, an analysis of net operating income equals: 
*Gross income potential minus all expenses an...
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Add to cartWhich of the following guides the control of the money supply in the USA? 
Capital Market 
Money Market 
Monetary Policy 
Fiscal Policy correct answer: Monetary Policy 
 
For highest and best use as improved, an analysis of net operating income equals: 
*Gross income potential minus all expenses an...
Which statement is TRUE regarding market identification? 
The market should include a cross-segment of all different property types in a geographic area. 
Market identification is best accomplished by using maps. 
The appraiser should draw market boundaries in a way that will support his or her expe...
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Add to cartWhich statement is TRUE regarding market identification? 
The market should include a cross-segment of all different property types in a geographic area. 
Market identification is best accomplished by using maps. 
The appraiser should draw market boundaries in a way that will support his or her expe...
Loan Value is usually a percentage of the _______________. correct answer: Appraised value or Market Value 
 
The development of a vacant land area is ______the highest and best use of the land. correct answer: Not always 
 
The middle number found by arranging the numerical data sequentially from...
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Add to cartLoan Value is usually a percentage of the _______________. correct answer: Appraised value or Market Value 
 
The development of a vacant land area is ______the highest and best use of the land. correct answer: Not always 
 
The middle number found by arranging the numerical data sequentially from...
Capitalization Rate correct answer: Measures the risk involved in an investment. Thus, the higher the risk the higher the CAP rate; the lower the the risk the lower the CAP rate. Leasing a building for a hardware store involves higher risk of vacancy than leasing for a post office and results in a ...
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Add to cartCapitalization Rate correct answer: Measures the risk involved in an investment. Thus, the higher the risk the higher the CAP rate; the lower the the risk the lower the CAP rate. Leasing a building for a hardware store involves higher risk of vacancy than leasing for a post office and results in a ...
The separation and identification of the parts of the whole" is part of the process of correct answer: analysis 
 
Most appraisal assignments require an opinion of: correct answer: market value 
 
A study of the market as a whole, as well as the investigation of conditions of a component of that ...
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Add to cartThe separation and identification of the parts of the whole" is part of the process of correct answer: analysis 
 
Most appraisal assignments require an opinion of: correct answer: market value 
 
A study of the market as a whole, as well as the investigation of conditions of a component of that ...
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