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EXAM CRAM 8
Terms in this set (11)
On which of the following properties is the income method of appraisal best used?
Old commercial building
What does the Gross Rent Multiplier find?
A multiple of gross rents to determine price
Which of the following is a security instrument in a real estate transaction?
The annual gross multiplier is calculated by __________.
Dividing the price paid by the annual gross income
On a closing statement, which of the following are not prorated?
The market data approach in appraising refers to __________.
In order to determine a cap rate, what procedure applies?
income divided by value
Which of the following is not a charge to the seller on a settlement sheet?
When a mortgage banker borrows on existing loans held by the banker, what is this called?
Under certain conditions, how may a utility company acquire an easement?
What is not a physical characteristic of real estate?
This set is often in folders with...
Real Estate AZ (B-6)
Section 2- Arizona State Specific Outline
Real Estate Terms (E)
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