Sales comparison approach - Study guides, Class notes & Summaries

Texas Real Estate Principles 1 - Unit 1 Exam questions and answers latest top score. The Committee has _____ members appointed by the Commission. - correct answers.12 The __________ is a statute that is administered and enforced by the Texas Real Estate Commission (TREC), which is a state agency. - correct answers.Real Estate License Act A successful career in real estate requires someone to: - correct a self-started. A peak is characterized as the __________ turni...

What is created in the mind of an individual or market participant? correct answers Value What is the motivation of an individual, group of persons, or business entity involving the purchase of an item? correct answers Desire As the term applies to appraisal, transferability refers to the number of goods and services that can be purchased with a unit of currency. (T/F) correct answers True What does not include physical mobility, but rather the control and possession of all the rights o...

Sales Comparison Approach McKissock Class 2023 Questions and Answers 100% Verified What is created in the mind of an individual or market participant? Value What is the motivation of an individual, group of persons, or business entity involving the purchase of an item? Desire As the term applies to appraisal, transferability refers to the number of goods and services that can be purchased with a unit of currency. (T/F) True What does not include physical mobility, but rather the control...

General Appraiser Sales Comparison Approach Exam Questions Containing 69 terms with Definitive Solutions 2024

Indirect methods of measuring depreciation - Answer- -Sales comparison (Market Extraction) -Capitalization of income method Financing - Answer- The first adjustment in the sales comparison approach is Sales Comparison Approach - Answer- A fundamental strength in this approach is that it reflects the actions of the marketplace as well as what by buyers & sellers are actually doing doing and paying. -Consumer tastes/preferences -Consumer income -Price of related commodities -Consumer ...

IAAO 311 Review Questions and Answers 100% Pass What is a requirement of both single-property and mass appraisal? Uses three basic approaches to value What is the first step in the mass appraisal process? definition of the problem List the three types of data that must be collected in analyzing the market. General data Specific data Comparative data Identifying supply and demand factors that best explain values in a specific market, and expressing them in an equation is called _______________...

ad valorem - Answer- According to Value The basic responsibilities of an Appraiser to all taxable property. - Answer- 1. Discovery 2. Listing 3. Valuation The taxable location of personal property is referred to as its' - Answer- Situs The type of value usually estimated by an Appraiser is the - Answer- Market Value The effective tax rate reflects the ratio between what - Answer- The current tax bill and the property value Assessment level times the tax rate equals - Answer- Th...

Sales Comparison Approach McKissock Class 2023 Questions and Answers 100% Verified What is created in the mind of an individual or market participant? Value What is the motivation of an individual, group of persons, or business entity involving the purchase of an item? Desire As the term applies to appraisal, transferability refers to the number of goods and services that can be purchased with a unit of currency. (T/F) True What does not include physical mobility, but rather the control...

Champions Principles of Real Estate 2 Exam Questions with Correct Answers appraisal - ANSWER value of a property maybe affected by social, economic, govt and environmental influences Loan-to-Value Ratio (LTV) - ANSWER The percentage of value or sales price that a lender is willing to finance. limited appraisal report - ANSWER exterior only/drive by inspection. deemed as low risk loan highest and best use of property - ANSWER legal use that gives the gre...

Test Bank for Intermediate Accounting, Volume 1, Vol 1, 13th Canadian Edition 13ce by Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield, Irene M. Wiecek, Bruce J. McConomy. ISBN-13: 978-1-119-74045-2 Full Chapters test bank included for Volume 1 13ce 1 The Canadian Financial Reporting Environment 1-1 Capitalizing on Financial Reporting 1-1 Preview of Chapter 1 1-3 1.1 Financial Statements and Financial Reporting 1-3 Accounting and Capital Allocation 1-4 Stakeholders...