10 Questions
The seller in a transaction is also referred to as the ______
vendor
The sales comparison approach is also referred to as the ______
market approach
Based on the cost approach, what would be the value of this property? The relationship between the amount of a mortgage loan and the lender’s opinion of the value of property pledged to secure payment of the loan is known as the ______
loan-to-value ratio
The property’s market value minus any debts is known as ______
equity
The process of placing a document on file with a designated public official for public notice is known as ______
recording
The primary function of a … is to promote thrift and home ownership
savings and loan association
The price paid regardless of pressures, motives, or intelligence is referred to as ______
economic rent
The past series of transactions and documents affecting the title to a given parcel of land is known as ______
chain of title
The new property in a 1031 exchange is referred to as the ______
replacement property
The income approach determines value by applying a capitalization rate to the ______
net operating income
Test your knowledge of real estate valuation with this quiz. Questions cover terms like seller, sales comparison approach, replacement cost, and mortgage loan valuation.
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