Basic Appraisal Procedures Mckissock Exam Questions (149 Terms) With Verified Definitions Updated 2024

depreciation(age life) {Ans: (effective age/total economic life)*total cost}Reconciliation {Ans: phase of a valuation assignment in which two or more value indications are processed into a value opinion}general data {Ans: data that relates to the four forces that affect real property values social economic governmental and environmental forces (macr0-level data)}land {Ans: in law the solid surface on the earth, as distinguished from water.}Net Operating Income (NOI) {Ans: Gross Annual Rental (Potential Gross Income, or PGI) + Other Income - Vacancy/Credit Loss (V&C) = Effective Gross Income (EGI) - Operating Expenses (TOE)}range {Ans: region or area over which something is found distributed or occurs}