Rooks Principles Quiz 11 - May 2005

Rooks Principles Quiz 11 - May 2005 - El Camino...

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1 El Camino Principles Chapter 11 Quiz 1.The market data method (comparative approach) is best used for: A. houses C. vacant land B. condominiums D. all of the above 2. Which of the following is NOT one of the three methods to determine the value of real property? A. Correlation approach C. Capitalization approach B. Cost approach D. Comparative approach 3. The approach that takes the current selling prices of similar properties and adjusts these prices for any differences is called the: A. income approach C. cost approach B. comparative approach D. none of the above 4. Which of the following is NOT a type of depreciation? A. political C. functional B. physical D. economic 5. Loss of value due to outmoded style or nonusable space is called: A. income obsolescence C. economic obsolescence B. functional obsolescence D. physical deterioration 6. Another term for the income approach is: A. replacement approach C. capitalization approach B. correlation approach D. appropriation method 7. The unit of comparison in the market data approach for a house would be:
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This note was uploaded on 04/24/2008 for the course REAL ESTAT 210 taught by Professor Ghidella during the Spring '08 term at City.

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Rooks Principles Quiz 11 - May 2005 - El Camino...

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