chapter 12 questions

Lulu Carrizales

1. Value In Exchange is the attractiveness of a property to others who would be willing to pay for its rights.  (T/F)
    
2. The exclusive right to sell is the most common listing (T/F)
    
3. The 3 most common approaches to appraisals are the cost approach, income approach and revenue approach (T/F)
   
4. The Value is Use is the value your neighboring business has. (T/F)
   
5. The Sales Comparison Approach is also known as the Market Approach (T/F)
   
6. The _______________ is viewed as the most authoritative and accurate approach for property appraisals.
   a.  Cost approach
   b.  Income approach
   c.  Sales Comparison Approach
   d.  All of the above
   
7. A value ratio calculated from historic sales is the:
   a.  Capitalization Rate
   b.  Break-even Ratio
   c.  NOI
   d.  Gross Rent Multiplier
   
8. Depreciation in context is the decrease in value caused by the diminished ability to:
   a.  Break even
   b.  serve users needs
   c.  sell
   d.  None of the above.

KEY
1.  T
2.  T
3.  F
4.  F
5.  T
6.  C
7.  D
8.  B