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27 Matching questions

  1. BUYER'S MARKET
  2. STRAIGHT LINE METHOD
  3. INTEREST RATE
  4. D
  5. INFILTRATION
  6. MARKET APPROACH
  7. REGRESSION
  8. PRINCIPLE OF COMPETITION
  9. ECONOMIC OBSOLENCES
  10. E
  11. LEVERAGE
  12. MARKET ANALYSIS
  13. ANTICIPATION
  14. BUYER'S EQUITY
  15. GROSS INCOME MULTIPLIER
  16. PRINCIPLE OF PROGRESSION
  17. A
  18. B
  19. UNEARNED INCREMENT
  20. LEASE FEE ESTATE
  21. PRINCIPLE OF CONFORMITY
  22. 4,000,000
  23. C
  24. APPRAISER
  25. HIGHEST AND BEST USE
  26. VALUE IN USE
  27. 40 years
  1. a ____________________ refers to that use which will yield the maximum return at a given time.
  2. b To be considered comparable to the subject property, a comparable property must have been sold
    a. with a conventional mortgage
    b. for all cash
    c. without any form of secondary financing
    d. for credit
    e. in an arm's length transaction
  3. c The following are determinants of value in appraisals of realty, except:

    a. contribution
    b. demand
    c. purchasing value
    d. scarcity
    e. utility
  4. d In the computation of depreciation of real properties, the method that is widely used by practitioners is the
  5. e ___________ exist when there are more properties for sale in a particular area than there are buyers.
  6. f 21. Three of the following factors create value in real estate. Which one does not create value?

    a. Demand
    b. Utility
    c. Infiltration
    d. Scarcity
  7. g Several houses valued at P1,000,000.00 and P2,000,000.00 were built in an area where an existing house valued at P3,000,000.00 is located. As a result, the value of the latter decreased. The real estate principle of value that applies to this situation is called the principle of _______________________.
  8. h 10. An appraisal technique in which comparative estimates are made between prices paid in actual transactions and the current listings IS ______________________.
  9. i ______________________ is a loss in value of a property because of external factors or events.
  10. j The study or current supply and demand conditions in a particular area for a specific type of property is ________________.
  11. k The difference between contract price and loanable amount is ____________________.
  12. l The income approach to value is an application of the principle of:
  13. m A person who determines the land value is called a real estate ___________________.
  14. n The principle of value which states that the value of a property tends to be enhanced when there is reasonable homogeneity in use:
  15. o The right of an owner-lessor to receive the contract rent and reversion of the property at the end of the lease is called
  16. p The increase in value of real estate without any expense of the owner is:
  17. q The ratio that expresses the relation between gross income and sales price of a property is ___________________.
  18. r _____________________ refers to the use an object is put to, the services it renders and wants it satisfies.
  19. s In the cost approach to value, physical deterioration is estimated by the formula:

    a) Economic life divided by chronological age
    b) Chronological life divided by economic life
    c) Economic life divided by effective age
    d) Effective age divided by economic life
  20. t The use of borrowed funds to increase purchasing power is ideally to increase the

    profitability of an investment is ___________________.
  21. u The principle holds that when two or more commodities with substantially the same utility are available, the one with the lowest price receives the greatest demands and widest distribution
  22. v A building is depreciated at 2.5% per year on a straight line basis. What is the estimated useful life of the building? _________
  23. w Income approach for an appraisal would be most widely used
    a. on a newly opened subdivision
    b. on commercial and investment property rented by tenants
    c. on property heavily mortgage
    d. on property heavily insured e. none of the above
  24. x The rate of return earned by an investor which does not include allowance for capital recovery is __________________.
  25. y An appraisal principle which holds that the value of property tends to be enhanced by association with superior properties is:
  26. z Using the 4-3-2-1 rule (depth rule), a 5 hectare belonging to different owners was sold for P10,000,000.00, what is the share of lot owners owning the first quarter abutting the road? ___________________________.
  27. aa In the economic sense, ______________ refers to the displacement of the present residents with people of lower economic status or different cultural or social background.