This blog accompanies the text, Real Estate Analysis: Environments and Activities by Julian Diaz III and J. Andrew Hansz. Student are encouraged to post assignments and original research papers to this blog. Please contact firstname.lastname@example.org for posting rights or to add your program to the blog. Some blog posts and objective questions maybe considered for publication in a future edition of the text.
Tuesday, May 15, 2012
Student Created Objective Questions Chapters 11 and 12
fee is a charge to a developer by municipality to mitigate the cost of
expanding public facilities and services.
comprehensive plan is carried out through zoning, building codes and
3.How is the
effective rate calculated?
a.Taxable value x Millage rate
b.Assessed value – Exemptions
c.Property Tax Due / Ad Valorem Value
d.Ad Valorem Value / Property Tax Due
comprehensive plan has a long-term scope of typically 10 – 30 yrs.
exception to a specific zoning requirement on a site.
a.Special use permit
rate is derived as the ratio of the fiscal budget, less anticipated fee
collections, and the tax digest, less total exemptions.
legislative, and judicial are the three types of zoning reliefs.
8.How is the
tax saving from exemptions is calculated?
a.Taxable Value x Millage Rate
b.Assessed Value – Exemptions
c.Exemptions x Millage Rate
d.Ad Valorem Value x Assessment Ration
2. True 3.
C 4. True 5. B 6. True
7. True 8. C
valuation technique where no is justified in paying more for a property than
the cost of buying a similar site and constructing replacement improvements on
a.Sales Comparison Approach
is the process of converting an income stream into a lump sum estimate of
is someone who acts on behalf of someone else, called the principal.
estate broker representing the buyer in an agent-principal fiduciary capacity.
broker is the broker who brings the buyer to the transaction.
6.The problem solving heuristic characterized by giving the greatest weight to
the most recently encountered evidence.
is the subconscious mental shortcuts employed by human problem solvers needing
to minimize cognitive effort.
is an agency that exists when a broker represents both the buyer and the seller
of a transaction.
Answers: 1. D
2. True 3. True 4. C
5. False 6. C 7. True