Course 1 Unit 11 Study Guide Questions And Correct Answers

The principle of _____ may be illustrated by a higher value house among less expensive homes losing its value. {Ans: regression}This may be the most important factor influencing value. {Ans: location}Carter is using a gross rent multiplier to get a rough estimate of the value of a duplex he wants to buy. If the gross annual income is $36,000, expenses are $12,000, and the gross rent multiplier is 8, what is the estimated value of the duplex? {Ans: $288,000}Title to property must be marketable with an unclouded title. {Ans: transferability}An orderly systematic method to arrive at an estimate of value. {Ans: appraisal proccess}The usefulness of the property to its owner. This is subjective value or the value given for personal reasons. {Ans: utility value}