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Barney Fletcher Exam questions & Answers
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In doing a market analysis, you find a recently sold property where the owners had just gone through a divorce. It was listed for $60,000 for 3 months but sold for $40,000. Would you use this as a comparable? A. no, because it had only been listed for 3 months B. no, because of the divorce, it was not an arms length agreement C. yes, you would use the actual sales price of $40,000 D. yes, because it was a comparable type property - ANSWER B. no, because of the divorce, it was not an arms length agreement A property was worth $289,000 if capitalized at 4%. What is it worth if it capitalized at 5%? A. $185,000 B. $231,200 C. $300,000 D. $325,000 - ANSWER B. $231,200
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in doing a market analysis you find a recently s
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a property was worth 289000 if capitalized at 4
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