Real Estate Principles Chapter 8 Answer Key-1

Real Estate Principles Chapter 8 Answer Key-1 - Real Estate...

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Real Estate Principles: A Value Approach Chapter 8 Test Problems Answer Key 1. The final price for each comparable property reached after all adjustments have been made is termed the: a. Final estimate of value b. Final adjusted sales price c. Market value d. Indicated value e. Replacement value 2. The final price from each appraisal approach is termed the: a. Final estimate of value b. Final adjusted sales price c. Market value d. Indicated value e. Replacement value 3. The final price after the reconciliation of the answers obtained from two or more approaches is termed the: a. Final estimate of value b. Final adjusted sales price c. Market value d. Indicated value e. Replacement value
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4. A new house in good condition that has a poor floor plan would suffer from which type of accrued depreciation? a. Curable physical deterioration b. Incurable physical deterioration c. Curable functional deterioration d. Incurable functional deterioration e. External obsolescence
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Real Estate Principles Chapter 8 Answer Key-1 - Real Estate...

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