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Do not start the quiz until page has fully loaded. If you choose a wrong answer for a question, you may make another choice. After completing the quiz, you may clear your answers and re-take the quiz by clicking the "Go" button of your browser. Refreshing your browser will not clear the answers. 1. Fair market value does not
depend upon which of the following?
2. Which of the following most
directly affects value?
3. Cash flow usually increases in the years after
purchase due to all of the following except which?
4. Valuation methods do not
include which of the following?
5. Professional appraisers do not
usually use which of the following valuation methods?
6. Which of the following
valuation methods is usually most accurate for duplexes?
7. Which of the following is not
a factor in determining reserve account requirements for a particular building
component?
8. Which of the following is the
correct formula for calculating value using the income approach method?
9. The rate of return expected from investment in real
estate is usually greater than the CD rate because of which of the following?
10. What is usually the best
source for the current cap rate when valuing a large apartment building?
11. The same cap rate would
usually be used for appraising a 24-unit apartment complex and a 96-unit
apartment complex.
12. How complicated one needs to
make a valuation analysis depends least upon which one of the following
factors?
13. What is the minimum equipment
needed to properly value a 50-unit apartment complex.
14. Which of the following
expenses usually does not have to be considered when valuing a residential
property using the Income Approach?
15. The Cost Approach valuation
methods includes which of following information?
16. Indirect costs of
construction does not include which of the following?
17. When utilizing the Cost
Approach method, depreciation must be considered for all components except:
18. When utilizing the Income
Approach method of valuation, which expense is usually easiest to verify?
19. How does one usually
reconcile the different methods of valuation?
20. Lenders often evaluate the
property utilizing which of the following methods?
21. Which of the following must be
considered when valuing the land for a Cost Approach valuation?
22. Which of the following would
usually be considered least important when making adjustments using the Market
Data Approach to value a duplex?
23. Which of the following should
usually be considered when setting up a reserve account?
24. Investors should usually hire
a professional appraiser to determine what price to offer for a 16-unit
apartment building.
25. Which of the following
information is not required in order to determine the NOI of a property?
26. The theory of capitalization most often used by real estate appraisers is:
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