Ree 4103 exam 2 - Study guides, Class notes & Summaries

REE 4103 EXAM 2 QUESTIONS with Correct Answers| Verified

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...

REE 4103 Exam 2|Questions with Correct Answers| Verified

REE 4103 Exam 2 Questions With Revised Answers 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? - answer$28,000 to $32,000 Land can be valued by - answerSales comparison, land residual, allocation, and extraction You are asked to appraise a vacant building lot. The neighborhood...

REE 4103 Exam 2|Questions with Correct Answers| Verified

REE 4103 Exam 2- No Math flashcard set (1).

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...

REE 4103 EXAM 2 QUESTIONS WITH REVISED ANSWERS – UPDATED Bldg with a total cost of $700,000. It is 35 years old. Total useful life expectancy of 100 years. The cost of deferred maintenance is $10,000. Short-lived components include the boiler, roof cover, and floor covering. The cost to replace the boiler is $40,000, the cost to replace the roof covering is $60,000, and the cost to replace the floor finish is $20,000. There are no other short-lived items. What is the cost new of all the lon...

REE 4103 Exam 2 UCF B