Fundamentals of Mass Appraisal Course 300 Quiz 2

Additive models for the sales comparison approach assumes that the impact of property characteristics upon value is ___________ therefore can be added.

The ___________ model is the most flexible model structure, but it is the most difficult to calibrate.

The most common approach to stratification in mass appraisal modeling is:

Per unit value analysis requires the stratification of properties, the calculation of appropriate units of comparison and the selection of the most appropriate unit based on:

One of the limitations to multiple regression analysis is that it _________.

One of the strengths of "feedback" is that it ___________.

In mass appraisal, cost models follow the structure of:

Mass appraisal cost models contain both direct and indirect costs. An example of a direct cost would be:

You have the historical cost of a building and want to trend it to current cost. The cost factor table you are using is based on 1960 = 100. The cost factor for the original cost is 150. The current cost factor is 180. What is the appropriate factor for trending the historical cost to current?

The most common method of estimating cost in mass appraisal is ___________.

A desirable feature of a cost manual would be that it:

The comparative unit method of cost estimation tends to produce:

The structure of a net income model would be:

The structure of a gross income model would be:

You have a current cost of a building of $200,000. You review the cost manual and the current cost factor is 180. The cost factor for three years ago is 150. The cost factor table you are using is based on 1960 = 100. What would the building cost for this building three years ago?

The following equation: MV = GQ x [(Pi x Qi) x (Pl x Ql)] + OA is a __________ model?

Ratio studies are helpful in:

Which of the following types of sales should NOT be automatically excluded from a sales ratio study?