Name: Homework 8

horizontal rule

Instructions:  

horizontal rule

Question 1   Multiple Choice (1.0000 points)
  Question: In traditional appraising, "reconciliation" of the three approaches means that the
appraiser
 
    computes an arithmetic mean
adds up the three numbers and divides by three
both a and b
neither a nor b
 

 
Question 2   Multiple Choice (1.0000 points)
  Question: The final number derived by the appraiser from all relevant approaches to value
is known as the
 
    indicated value.
adjusted sale price.
final value.
depreciated value.
final estimate of value.
 

 
Question 3   Multiple Choice (1.0000 points)
  Question: The valuation of condominiums, cooperatives, and manufactured housing units
may be accomplished individually through:
 
    an income approach using total project income
the development cost approach
the gross rent multiplier analysis using total project income
the same approaches used in valuing single-family detached units except for limitations on the cost approach in valuing properties with more than one common wall
 

 
Question 4   Multiple Choice (1.0000 points)
  Question: To qualify as a comparable sale the property should
 
    be similar in size, shape, design, and location to the subject property
have been sold recently
have been sold in an arm's length transaction
all of the above
answers a and c but not b
 

 
Question 5   Multiple Choice (1.0000 points)
  Question: Units of comparison are used in
 
    all three approaches
only the cost-depreciation approach
only the sales-comparison approach
only the income capitalization approach