1 for specific request mail
REAL 5080 Final Exam Questions and Correct
Answers | Latest Update
The cost to reconstruct an existing building, at today's dollar value, by
replicating the building in its exact detail is called the:
Ans: Reproduction Cost
The method that estimates total building cost by measuring the total
square footage or cubic footage of a building and then multiplying this
total by a current cost per square foot or cubic foot factor is known as
Assignment Expert
the
Ans: Comparative Unit Method
Guru01 - Stuvia
In the sales comparison approach, any value changes that have occurred
to a comparable property since the date of the sale are reflected in the
Ans: Physical characteristics adjustment
2026
During the recent financial crisis, real estate was considered more risky
©
and rent projections were lowered. This implies that the overall cap rate
on properties would be expected to ___ over this time period
Ans: Increase
The age of an improvement determined by its current condition and
utility based on its design, location, and current competitive market
conditions best describes:
Ans: Effective age
Method for estimating depreciation considers the effects of curable
items, but does not consider the different remaining economic lives of
building components
Ans: Modified economic age-life method
, 2 for specific request mail
A site
Ans: Land that has been graded and prepared for a specific purpose
Applying the sales comparison approach to a subject property
determines that a comparable's recent sales price must be adjusted
downward to account for differences in the physical condition of the
properties. The appraiser apparently feels that the
Ans: Comparable is in better condition than the subject property
A residence has a physical deterioration that can be corrected for $5,000.
Assignment Expert
However, if the correction is made the value adde will only be $3,000.
How would an appraiser classify this item of depreciation when using the
cost approach to value?
Guru01 - Stuvia
Ans: Physical deterioration, incurable
Overall capitalization rate represents the ___, while the overall discount
2026
rate is the ___
Ans: Constant return to annual net operating income, return to annual
©
net operating income and the return due to the sale of the property
The difference between the sales price of a property and the market
value of the same property is caused by which of the following:
Ans: Transaction characteristics
A small motel, on what was a minor highway, has suffered a loss of
business because the new interstate has opened. This is a example of
Ans: Locational (external) obsolescence
What is the difference between the sale price or market value of a newly
improved property and the sum of its direct costs, indirect costs, and
current land value?
REAL 5080 Final Exam Questions and Correct
Answers | Latest Update
The cost to reconstruct an existing building, at today's dollar value, by
replicating the building in its exact detail is called the:
Ans: Reproduction Cost
The method that estimates total building cost by measuring the total
square footage or cubic footage of a building and then multiplying this
total by a current cost per square foot or cubic foot factor is known as
Assignment Expert
the
Ans: Comparative Unit Method
Guru01 - Stuvia
In the sales comparison approach, any value changes that have occurred
to a comparable property since the date of the sale are reflected in the
Ans: Physical characteristics adjustment
2026
During the recent financial crisis, real estate was considered more risky
©
and rent projections were lowered. This implies that the overall cap rate
on properties would be expected to ___ over this time period
Ans: Increase
The age of an improvement determined by its current condition and
utility based on its design, location, and current competitive market
conditions best describes:
Ans: Effective age
Method for estimating depreciation considers the effects of curable
items, but does not consider the different remaining economic lives of
building components
Ans: Modified economic age-life method
, 2 for specific request mail
A site
Ans: Land that has been graded and prepared for a specific purpose
Applying the sales comparison approach to a subject property
determines that a comparable's recent sales price must be adjusted
downward to account for differences in the physical condition of the
properties. The appraiser apparently feels that the
Ans: Comparable is in better condition than the subject property
A residence has a physical deterioration that can be corrected for $5,000.
Assignment Expert
However, if the correction is made the value adde will only be $3,000.
How would an appraiser classify this item of depreciation when using the
cost approach to value?
Guru01 - Stuvia
Ans: Physical deterioration, incurable
Overall capitalization rate represents the ___, while the overall discount
2026
rate is the ___
Ans: Constant return to annual net operating income, return to annual
©
net operating income and the return due to the sale of the property
The difference between the sales price of a property and the market
value of the same property is caused by which of the following:
Ans: Transaction characteristics
A small motel, on what was a minor highway, has suffered a loss of
business because the new interstate has opened. This is a example of
Ans: Locational (external) obsolescence
What is the difference between the sale price or market value of a newly
improved property and the sum of its direct costs, indirect costs, and
current land value?
