REAE 3325 Exam 2 Questions and Answers 100% Accurate
5 views 0 purchase
Course
REAE 3325
Institution
REAE 3325
REAE 3325 Exam 2 Questions and Answers 100% AccurateREAE 3325 Exam 2 Questions and Answers 100% AccurateREAE 3325 Exam 2 Questions and Answers 100% AccurateREAE 3325 Exam 2 Questions and Answers 100% AccurateThe Final price for each comparable property reached after all adjustments have been made i...
REAE 3325 Exam 2 Questions and
Answers 100% Accurate
The Final price for each comparable property reached after all adjustments have been
made is termed the: - ANSWER-Final adjusted sale price
Which of the following is not included in accrued depreciation when applying the cost
approach to valuation? - ANSWER-Tax depreciation
In the sales comparison approach, the value obtained after reconciliation of the final
adjusted sale prices from the comparable sales is termed the: - ANSWER-Indicated
opinion of value
A new house in good condition that has a poor floor plan would suffer from which type
of accrued depreciation? - ANSWER-Functional obsolescence
To reflect a change in market conditions between the date on which a comparable
property sold and the date of appraisal of a subject property, an adjustment must be
made for which of the following? - ANSWER-market conditions
Under the cost approach to appraisal, the expenditure required to construct a building
with equal utility as the one being appraised is termed the: - ANSWER-Replacement
cost
A comparable property sold 10 months ago for $98,500. If the appropriate adjustment
for market conditions is 0.30% per month (with compounding), what would be the
adjusted price of the comparable property? - ANSWER-$101,495
You find two properties that have sold twice within the last two years. Property A sold 22
months ago for $98,500; it sold last week for $108,000. Property B sold 20 months ago
for $105,000; it sold two weeks ago for $113,500. Assuming no compounding, what is
the average monthly rate of change in sale prices? - ANSWER-0.42%
The element of an adjusted interest rate that is the "moving part" is the: - ANSWER-
Index
A lender may reserve the right to require prepayment of a loan at any time they see fit
through a(n): - ANSWER-demand clause
When a buyer of a property with an existing mortgage loan acquires the property
without signing the note for an existing loan the buyer is acquiring the property: -
ANSWER-Subject to the mortgage
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller NursingTutor1. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $11.49. You're not tied to anything after your purchase.
