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

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 2- No Math flashcard set Questions with 100% correct answers | verified | latest update 2024

ll are used in valuation of income-producing property except: - ANSWER Income Taxes Capitalization is employed in the: - ANSWER Income approach - income properties A gross lease is one that: - ANSWER The landlord pays for all operating expenses When estimating the market value of an income-producing property, the appraiser will not consider: - ANSWER Income Taxes attributable

REE 4103 EXAM 2 QUIZ QUESTIONS, REE Exam 2, REE 4103 Test 2

REE 4103 EXAM 2 QUIZ QUESTIONS, REE Exam 2, REE 4103 Test 2

REE 4103 EXAM 2 Bliss Questions and Answers 100% Pass | Graded A+ To estimate its market value, the land under an improved property is best compared to sales of vacant land that Have the same or similar highest and best use Have the same type of building on them (after the sale) Show the maximum value for the subject property Show the minimum value for the subject property - Have the same or similar highest and best use Price per front foot is a physical unit of comparison not as accu...

REE 4103 Exam 2 Questions and Answers 100% Correct | Rated A+ 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? - $28,000 to $32,000 Land can be valued by - Sales comparison, land residual, allocation, and extraction You are asked to appraise a vacant building lot. The neighbor...

REE 4103 Exam 2 Questions with 100% Correct Answers Already Passed 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? - $80,000 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 neig...

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...