Podcast
Questions and Answers
The formula of the net income model is:
The formula of the net income model is:
- MV = NOI x OAR
- MV = NOI / OAR (correct)
- MV = GI x GIM
- MV = GI / OAR
When estimating gross income, you must _______ properties by class, etc., compute measures of central tendency and dispersion, and determine the typical per-unit value.
A)
B)
C)
D)
Correct Answer: A) Stratify
Explanation:
When estimating gross income, you must _______ properties by class, etc., compute measures of central tendency and dispersion, and determine the typical per-unit value.
A) B) C) D) Correct Answer: A) Stratify
Explanation:
- Segment
- Categorize
- Stratify (correct)
- Separate
Property taxes should not be included when estimating________.
Property taxes should not be included when estimating________.
- Gross Income
- Expense Ratios (correct)
- Vacancy Ratios
- Net Income
Which of the following is a factor to consider when stratifying properties for the development of GIMs (Gross Income Multipliers) and OARs (Overall Capitalization Rates).
Which of the following is a factor to consider when stratifying properties for the development of GIMs (Gross Income Multipliers) and OARs (Overall Capitalization Rates).
The formula of a gross income model is:
The formula of a gross income model is:
Two basic methods of estimating gross income in mass appraisal are _______ and _____?
Two basic methods of estimating gross income in mass appraisal are _______ and _____?
The dependent variable in gross income models should be:
The dependent variable in gross income models should be:
Independent variables in gross income models should be __________ that are important in explaining differences in gross income.
Independent variables in gross income models should be __________ that are important in explaining differences in gross income.
The dependent variable in expense ratio models should be the__________.
The dependent variable in expense ratio models should be the__________.
In developing gross income multipliers (GIMs), the appraiser should first stratify the properties and then compute measures of __________ and ____________.
In developing gross income multipliers (GIMs), the appraiser should first stratify the properties and then compute measures of __________ and ____________.
