Brokers – Chapter 8 Quiz
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Question 1 of 10
1. Question
Generally considered, there are _____ influences, or characteristics, of value:
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Question 2 of 10
2. Question
The 3 Appraisal approaches to value are:
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Question 3 of 10
3. Question
Depreciation is the reduction in value as a result of age, poor state of repair, poor design
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Question 4 of 10
4. Question
An example of an External/Environmental/Locational/Economic Obsolescence would be:
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Question 5 of 10
5. Question
When using the Market Data approach the appraiser adjusts the sold price of:
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Question 6 of 10
6. Question
While using the Comparable Sales Approach an appraiser cannot use a property that has sold more than 4 months ago.
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Question 7 of 10
7. Question
Real estate has _____ physical characteristics
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Question 8 of 10
8. Question
BPO stands for:
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Question 9 of 10
9. Question
Several market conditions that gauge what is happing in the current real estate market are:
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Question 10 of 10
10. Question
The term “Cash Flow” pertains the increase in value of a property
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