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National Salesperson and Supplemental Broker Practice Exam

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An appraiser factored the gross operating income, adjusted for vacancy, subtracted out the expenses and applied a capitalization rate. What type of property is being appraised? A/An

Multi­‐family Apartment Building

Identify the type of property being appraised based on the process of factoring gross operating income, adjusting for vacancy, subtracting expenses, and applying a capitalization rate.

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