perforated tile, the house "The estimated cost to construct, at current prices as of a specific date, a substitute for a building or other improvements, using modern materials and current standards, design, and layout" is the definition of_____ cost . PRESS RELASE _ Nexans steered for growth Steady EBITDA performance and net income turnaround unlocking value creation Outperformance in ROCE and free cash flow, 10-year low Net Debt, setting strong financial footingNexans transformation anchored In full-year 2020, amidst the global pandemic: Resilient standard sales1 of 5,713 million euros, down by -8.6% organically2Steady EBITDA3 of 347 . Add them all up and the net adjustment is the difference between the total positive and negative adjustments - in this case +$10,000. useful Appraisers are cautioned to identify the exact _______________ of market value, and its _______________, applicable in each appraisal completed for the purpose of market value. neither site or land replacement cost The estimated cost to construct, at current prices as of a specific date, a substitute for a building or other improvements, using modern materials and current standards, design, and layout is _____ cost. $1,000,000, $250,000; Residential Income Approach. An appraiser must not allow the intended use of an assignment or a client's objectives to cause the assignment results to be __________. quantity survey A 5 year old water heater with an expected life of 12 years and a replacement cost of $825 will have experienced depreciation of $__________. It changes due to market conditions and the building's overall maintenance. "The age of property that is based on the amount of observed deterioration and obsolescence it has sustained" is the definition of ____________ age. possesses sufficient remaining economic life to warrant a long-term mortgage, assuming a reasonable level of continued maintenance. An estimate of remaining economic life is required by Fannie Mac Freddie Mac VA all of the above. Determine depreciation percentage by diving effective life by total economic life: 12 / (12 + 38 = 50) = 24%. site Actual age of property is 11 years. net operating income, "The estimated cost to construct, at current prices as of the effective appraisal date, an exact duplicate or replica of the building being appraised, using the same materials" is the definition of _______________ cost. The most commonly used method for valuing sites is the ____________ method. The second phase of the neighborhood lifecycle is: True or false: an appraiser can adjust the comparable sale to account for differences and the motivation of the buyer or seller in the transaction. For the most part, this confusion centers on the misunderstanding that REL is reflective of the number of years a physical structure is expected to last. Net Subscriber Value expands significantly to $16,569, reaching the highest level reported in Sunrun's history. The cost approach formula states that ______________, minus depreciation, _______________, equals property value. Capitalization of Income Loss. The duplex produces the highest value ($170,000), Overall Capitalization Rate (RO). replacement cost, minus external obsolescence DU Journeys' incremental borrowing rate is 8%. $3,750 8,000 square foot residence The cost approach formula states that ______________, minus depreciation, _______________, equals property value. ), the report date (Date Reported), and the name of the subdivision (Subdivision). The range is the difference between the high and the low. By the capitalized value method, how much is the depreciation attributable to the lack of air conditioning? 221.8 138.5 = 1.60. Having Issues with Seeing this Page Correctly? leased fee estate, The URAR sales comparison grid requires you to enter in the _________ age of the subject property and comparables. Ranking analysis is a form of __________ analysis. cost years. __________ occurs within a property; while _________occurs off the site. $3,250 concrete block A hard refresh will clear the browsers cache for a specific page and force the most recent market A 5 year old water heater with an expected life of 12 years and a replacement cost of $825 will have experienced depreciation of $__________. Fannie Mae does not have any requirements related to the remaining economic life of the property. What is the land value? All of the following could be sources of specific data EXCEPT. "The process of valuing a universe of properties as of a given date using standard methodology, employing common data, and allowing for statistical testing" is the definition of. If the subject is considered typical for the area and trends indicate that properties with deferred maintenance are renovated, it is reasonable to consider that the current improvements and property type will be useful for many years to come. Assuming that he spends equal amounts on both goods, draw an indifference curve showing the optimum choice. This 25% figure represents. However, this method does not consider individual short-term items like the Accordingly, it is appropriate for PPE Corp to record depreciation commensurate with one year of economic life, or $3,000 ($32,000 original cost less $2,000 original estimated salvage divided by the economic life of 10 years) over the remaining year of useful life. Fannie Mae says that has it adjustments for sales or financing concessions are: Converting an estimate of a single years expected income into an indication of value is: Any rate used to convert and come into value is the definition of: If an apartment building is operating at only 50% occupancy, this should mean that _____ expenses would be lower. Subdivide it; 8 X 70,000 = $560,000. identification of the property rights A comparable new house just sold for $340,000. sales comparison If they are cured, it will reduce the effective age to 15 years. $126,000 $1,200 = 105. net leasable, A house is rented for $1,050 per month, but lacks air conditioning. gross living soft report the final opinion of value net operating Over which improvements contribute to real property value is the definition of: A new building is expected to remain standing for eight years. easement allocation, When estimating the amount of adjustments for differences among properties, the most important principle is the principle of _______________. GRMs are derived by dividing the __________ by the property's ___________ at the time of sale. How much income does yield capitalization use? When using the sales comparison method and valuing aside, adjustments should be made for differences that are _____. Comparable houses with air conditioning rent for $1,100 per month. percolation Appraisers often have no work file support for the ratio they use. It is 10 years old and has an effective age of 12. causes outside the property Freddie Mae "The total period a building lasts or is expected to last" is the definition of _________ life. You examine a construction contract to build a 2,448 square foot house and the total cost is $197,450. When appraising a duplex, an appraiser should use __________ area. It is easy to use and easy to explain to a client. $560,000 - $65,000 = $495,000. $305,000 capacity life, physical life, economic life). HUD That is more than its present value. It is a generic form, The summation approach is another name for the _______________ approach. (For best result, pose your search like a question. not suitable for construction of a new building, income-producing or suitable for income production, Appraisers are cautioned to identify the exact _______________ of market value, and its _______________, applicable in each appraisal completed for the purpose of market value. physical causes 1 - Radon, Mold, a, FL Trainee Appraiser - Ch. casing, sandstone. This would be an example of a(n). reliable "Data that relates to the four forces that affect real property valuessocial, economic, governmental, and environmental forces" is the definition of. Developers usually value land on a basis of price per: Which type of valuation would typically not include a separate site valuation? Quick Start; Products. $1,118,800 This. Roof Covering. plus depreciation, minus land value Site development costs (sewer, grading, road, etc.) highest and best use analysis, "Absolute ownership unencumbered by any other interest or estate, subject only to the limitations imposed by the governmental powers of taxation, eminent domain, police power, and escheat" is the definition of statistical, The most common heating systems in residential construction today are life estate An appraiser who states that the Effective Age of a Q4 house is 12 years is asserting that depreciation is 20% and the market is paying 80% of replacement cost. subdivision development A one-and-a-half-story house is commonly known as a, Capitalization of Income Loss. Required: 1. closing, date of the appraisal report When measuring a condominium you should calculate blank using blank measurements. $305,000 X .231 = $70,455. The appraiser should compare its estimate of the improvements' remaining economic life with the Certain classes of assets, like machinery, come with an expiration date. What is the first step in the sales comparison approach process? potability For things should be at least _____ average frost penetration levels. True or false: expense ratio information is easier to obtain on single unit residential properties than commercial properties. Physical deterioration and functional obsolescence, external obsolescence. 2-4 unit residential properties The Remaining Economic Life of an improvement is the total economic life minus its effective age. $12,000 $240,000 = .05 or 5%. partial interest, An appraiser must not allow the intended use of an assignment or a client's objectives to cause the assignment results to be __________. "The anticipated income from all operations of the real estate after an allowance is made for vacancy and collection losses and an addition is made for any other income" is the definition of ____________ income, A partial estate could be created by the existence of all the following EXCEPT. encroachment Add them up and divide by 7 = 96.3. All 3 I purchased a value must be used in every real property appraisal. Any rate used to convert income and the value is the definition of _____ rate. Which would NOT be an appropriate legal description of a subject property? First array them in order. shape Which was the earliest form of electrical wiring? personal opinions If the condo unit is income producing (rental), the remaining economical life can be determined or estimated by using the income capitalization approach and/or form 216 (operating income statement) replacement reserve schedule (which provides an estimate of replacement cost and remaining economic life or useful life using the straight-line replacement, A _______________ home is built in accordance with the HUD Code. A single unit residence sold for $126,000. When it cannot do what it is required to do . What is the indicated value of the subject site by the allocation method? The most common unit of comparison for land in rural areas is price per _______. The . general data only In a federally related transaction, a licensed residential appraiser is permitted to appraise non-complex 1-4 unit residential properties with a transaction value of less than ________ and complex 1-4 unit residential properties with a transaction value less than _________. What is the mean of the GRMs? HUD/FHA Which type of valuation analysis would typically NOT include a separate site valuation?

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