1.Define the sales comparison method and the cost approach. | Sales comparison
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| Cost approach |
A) uses a discounted cash flow model to estimate the present value of the future income produced by the property links the value of a property to an investor's specific marginal tax rate B) uses a discounted cash flow model to estimate the present value of the future income produced by the property The value of real estate is determined by the replacement cost of improvements, plus an estimate for the value of the land C) uses the price of a similar property or properties from recent transactions to value real estate links the value of a property to an investor's specific marginal tax rate D) uses the price of a similar property or properties from recent transactions to value real estate The value of real estate is determined by the replacement cost of improvements, plus an estimate for the value of the land
2.Which of the following least likely affects a property’s investment potential? A) Structure of the financing mechanisms used to buy the property. B) The legal rights associated with the property. C) The holding period necessary to realize the return on the property. D) The activity around the property, both commercial and non-commercial. 3.Which of the following statements regarding real estate valuation is TRUE? A) The estimated market value of a property depends upon the particular investor. B) The most reliable real estate valuation method is the cost approach. C) Because real estate is immobile and indivisible, its value is relatively stable and easy to determine. D) Each property is unique, so the investment value may be dependent upon the particular use planned for the property. | 
发表于 2008-4-4 12:05
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