IAAO 102 QUIZ 1 (NO MATH
QUESTIONS)
Capitalization is the process used to - ans-convert income into an estimate of value sw sw sw sw sw sw sw sw sw sw sw sw sw
fixed rate mortgage - ans- sw sw sw sw
a long secured by real property featuring an interest rate that is constant for the term of the
sw sw sw sw sw sw sw sw sw sw sw sw sw sw sw sw sw s
loan is referred to as a/an
w sw sw sw sw sw
anticipation - ans- sw sw
the underlying principle providing the basis of the income capitalization approach is
sw sw sw sw sw sw sw sw sw sw sw
income/rate=value - ans-the basic equation used in the income approach to value is sw sw sw sw sw sw sw sw sw sw sw sw
gross lease - ans- sw sw sw
requires that in addition to the rent, the landlord must pay maintenance, utilities, insurance
sw sw sw sw sw sw sw sw sw sw sw sw sw s
and taxes
w sw
deficit rent - ans-when market rent exceeds contract rent, the difference is known as
sw sw sw sw sw sw sw sw sw sw sw sw sw
market rent - ans- sw sw sw
rental income that a property would most probably command in the open market
sw sw sw sw sw sw sw sw sw sw sw sw
effective gross income (EGI) - ans- sw sw sw sw sw
the anticipated income from all operations of the property adjusted for vacancy and collect
sw sw sw sw sw sw sw sw sw sw sw sw sw
ion losses, and misc. income is called:
sw sw sw sw sw sw
effective rent - ans-lease base rent less rent concessions is called:
sw sw sw sw sw sw sw sw sw sw
effective tax rate (ETR) - ans- sw sw sw sw sw
rate that is the percentage that annual real estate taxes are in relation to the property's tota
sw sw sw sw sw sw sw sw sw sw sw sw sw sw sw sw
l value is:
sw sw
net income ratio (NIR) - ans-
sw sw sw sw sw
ratio of net operating income to effective gross income is called:
sw sw sw sw sw sw sw sw sw sw
annually - ans- sw sw
the mortgage capitalization rate (Rm) is the ratio between the payments of principal intere
sw sw sw sw sw sw sw sw sw sw sw sw sw
st on a mortgage to the original amount borrowed and is expressed
sw sw sw sw sw sw sw sw sw sw sw
QUESTIONS)
Capitalization is the process used to - ans-convert income into an estimate of value sw sw sw sw sw sw sw sw sw sw sw sw sw
fixed rate mortgage - ans- sw sw sw sw
a long secured by real property featuring an interest rate that is constant for the term of the
sw sw sw sw sw sw sw sw sw sw sw sw sw sw sw sw sw s
loan is referred to as a/an
w sw sw sw sw sw
anticipation - ans- sw sw
the underlying principle providing the basis of the income capitalization approach is
sw sw sw sw sw sw sw sw sw sw sw
income/rate=value - ans-the basic equation used in the income approach to value is sw sw sw sw sw sw sw sw sw sw sw sw
gross lease - ans- sw sw sw
requires that in addition to the rent, the landlord must pay maintenance, utilities, insurance
sw sw sw sw sw sw sw sw sw sw sw sw sw s
and taxes
w sw
deficit rent - ans-when market rent exceeds contract rent, the difference is known as
sw sw sw sw sw sw sw sw sw sw sw sw sw
market rent - ans- sw sw sw
rental income that a property would most probably command in the open market
sw sw sw sw sw sw sw sw sw sw sw sw
effective gross income (EGI) - ans- sw sw sw sw sw
the anticipated income from all operations of the property adjusted for vacancy and collect
sw sw sw sw sw sw sw sw sw sw sw sw sw
ion losses, and misc. income is called:
sw sw sw sw sw sw
effective rent - ans-lease base rent less rent concessions is called:
sw sw sw sw sw sw sw sw sw sw
effective tax rate (ETR) - ans- sw sw sw sw sw
rate that is the percentage that annual real estate taxes are in relation to the property's tota
sw sw sw sw sw sw sw sw sw sw sw sw sw sw sw sw
l value is:
sw sw
net income ratio (NIR) - ans-
sw sw sw sw sw
ratio of net operating income to effective gross income is called:
sw sw sw sw sw sw sw sw sw sw
annually - ans- sw sw
the mortgage capitalization rate (Rm) is the ratio between the payments of principal intere
sw sw sw sw sw sw sw sw sw sw sw sw sw
st on a mortgage to the original amount borrowed and is expressed
sw sw sw sw sw sw sw sw sw sw sw
