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quiz 2 - Spring 2007 University of Colorado at Boulder...

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Spring 2007 University of Colorado at Boulder Leeds School of Business Real Estate 3000: Principles of Real Estate Practice Practice Questions for Quiz 2 Note: The following questions are designed to help you prepare for quiz 2. However, they do NOT cover all required materials for quiz 2, and you may want to review ALL lecture notes for classes after quiz 1 to better prepare for quiz 2. ===================================================================== Sales comparison approach The subject property has 2,000 square feet, is adjacent to a free way, and has average construction quality. Comparable A is recently sold for $300,000. It has 3,000 square feet, is not adjacent to a free way, and has good construction quality. Comparable B is recently sold for $280,000. It has 3,000 square feet, is not adjacent to a free way, and has average construction quality. Comparable C is recently sold for $250,000. It has 3,000 square feet, is adjacent to a free way, and has average construction quality. Comparable D is recently sold for $250,000. It has 2,000 square feet, is not adjacent to a free way, and has good construction quality.
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