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Question
The subject property of an appraisal has only two bedrooms, but one of the comparables used in the appraisal has three. If the adjustment for a third bedroom is $5,000, the adjustment would be:
A) A $5,000 increase to the comparable's selling price
B) A $5,000 decrease to the comparable's selling price
C) A $5,000 increase to the subject's selling price
D) A $5,000 decrease to the subject's selling price
Answer
This answer is hidden. It contains 19 characters.
Related questions
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Present Value Factor for Reversion of $1 Period
6%
7%
8%
9%
10% 1
.943396
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.917431
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.889996
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.564474 A) Between 6% and 7%
B) Between 7% and 8%
C) Between 8% and 9%
D) Between 9% and 10%
Q:
The future value compound factor given for period (n) at 15%:
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B) Would be greater than the factor given for period (n + 1) at 15%
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D) Bears no relationship to the factor for period (n + 1) at 15%
Q:
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A) $16,151
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C) $80,000
D) $0it would be impossible to earn 20% interest on the loan.
Q:
The internal rate of return is the good feeling you get inside when you earn a return on your investment.
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The term to describe a piece of tangible personal property that is affixed to a property, such that it may be considered part of the property?
A) Cramdown
B) Workout
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D) Chattel
Q:
A transaction in which a borrower sells a property for less than the current balance of the loan and then provides all of the proceeds to the sale to the lender, typically in full satisfaction of the loan.
A) Prepackaged bankruptcy
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Q:
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First mortgage, A: $250,000
Second mortgage, B: $40,000
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B) Accredited investor
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Q:
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Q:
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Which of the following is FALSE regarding the release price?
A) It is usually calculated to pay off the loan when the last lot is sold
B) It is usually calculated to pay off the loan before the last lot is sold
C) Increasing the release price usually lowers the lender's risk
D) Increasing the release price is likely to lower the investor's initial cash flow
Q:
Which of the following might impact the density of housing in a land development project?
A) The price paid for the land by the developer
B) The terrain of the land
C) The target market's preferences regarding density
D) All of the above
Q:
The land development industry is best characterized by which of the following statements?
A) The land development industry is dominated by relatively few national competitors
B) The land development industry is highly fragmented, localized, and extremely competitive
C) Land development and project development are synonymous
D) The production technologies and market risks involved in land development are essentially the same as those in project development
Q:
Consider the feasibility study shown in the table. What is the return on total cost for the proposed project? Total sales revenue
$
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$
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$
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D) Multivariate analysis
Q:
Income after deducting loss of rents due to vacancy and nonpayment of rents, as well as any concessions, is referred to as:
A) Potential gross income
B) Effective gross income
C) Net operating income
D) Before-tax cash flow
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Analysis of effective rents tends to be superior to analysis of total rents over the life of a lease.
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Financing costs are usually paid by the lender to either the borrower/buyer or the seller.
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General industry standards for a conventional loan specify a maximum LTV of 60 percent.