Property Valuation Types

What type of valuation is based on the cost of constructing an exact duplicate of the subject property's improvements?

Which value represents what taxing authorities use as the basis for ad valorem taxation?

What is the estimated price at which a property will sell at a particular time?

Which value considers how much it would cost to construct a functional equivalent of the subject property's improvements?

What value represents how much money owners have invested into their properties?

Which type of valuation represents income properties using capitalized cash flow generated by them?

What is the face amount that an insurance policy will pay if the property becomes unusable?

Established by subtracting accumulated depreciation from the purchase price of a property is the:

What value is a nominal estimate when a structure has reached its economic life?

What influences the value of a property according to the text?

What is the purpose of applying a suitable capitalization rate in real estate valuation?

What is the main difference between Gross Rent Multipliers (GRMs) and Capitalization Rates in real estate valuation?

In a Comparative Market Analysis, what role do adjustments play when comparing properties?

What is the main requirement set by FIRREA for appraisals in federally-related transactions?

Which organization establishes competency standards for appraisers through USPAP?

What specific requirement does USPAP set for appraisers regarding reporting?

In real estate valuation, what does the Gross Rent Multiplier (GRM) formula involve?

What is one of the steps involved in determining an estimated value output during a Comparative Market Analysis?

What does FIRREA stand for?

What factors are included in the requirements for market value?

Which area is considered in the Gross Living Area (GLA) measurement?

What is the minimum required ceiling height for a space to be included in GLA measurements?

Which area is typically excluded from Gross Living Area (GLA) measurements?

Which of the following is an essential element of depreciation?

What distinguishes between curable and incurable functional obsolescence?

What does the Cost Appraisal Approach involve?

Which type of valuation represents the face amount that a casualty or hazard insurance policy will pay if the property becomes unusable?

What value is established by subtracting accumulated depreciation from the purchase price of a property?

Which value represents an estimate for what price someone could buy a structure for if they dismantled and moved it elsewhere?

What type of valuation considers how much it would cost to construct a functional equivalent of the subject property's improvements?

Which value is used as the basis for ad valorem taxation by taxing authorities?

What value represents the cost of constructing an exact duplicate of the subject property's improvements?

What value is based on the income properties generate and is calculated using capitalized cash flow?

Which value considers how much it would cost to construct a functional equivalent of the subject property's improvements, assuming current construction costs?

Which type of valuation is an estimated price at which a property will sell at a particular time, generally sought in appraisals?

What is the main purpose of applying a suitable capitalization rate in real estate valuation?

What is the main requirement set by FIRREA for appraisals in federally-related transactions?

What represents how much money an investor is willing to pay for a property based on the expected future income stream?

What does the Gross Rent Multiplier (GRM) formula involve in real estate valuation?

Why may Gross Rent Multipliers (GRMs) not always produce precise value estimates?

What is the main focus of utilizing acknowledged appraisal techniques according to USPAP?

Which principle states that investors won't pay more for a property with a certain income stream than for another with similar returns?

What regulation requires that all appraisals used in federally-related transactions be performed by state-certified appraisers?

How do investors determine the value of a property using Gross Rent Multipliers (GRMs)?

What is one of the steps involved in identifying comparables for a Comparative Market Analysis?

What is a key requirement for market value according to the text?

What does Gross Living Area (GLA) measure in a property?

In cost appraisal, what is the difference between Reproduction and Replacement costs?

What does depreciation in real estate valuation involve?

What should an appraiser consider when selecting comparables for adjustments?

Which aspect is necessary for a space to be included in Gross Living Area (GLA) calculations?

What is considered an essential element of depreciation in real estate valuation?

What role do adjustments play in the Sales Comparison Approach?

'Curable' and 'Incurable' distinctions are related to which type of depreciation according to the text?

'Land worth', 'Replacement costs for enhancements', 'Overall depreciation', and 'Depreciated improvement costs' are stages in which real estate appraisal approach?