Q4. Several techniques can be used to obtain an indication of land value. The cost approach to valuation would most likely be used for which of the following properties? a. One family residential property b. retail office space c. education facility d. high rise apartment Q5. While there is no specific number of comparable/s that is required for every appraisal assignment, how many comparable sales are considered adequate as long as the properties are very similar to the subject property? a. One b. three c. five d. ten e. twelve Q6. In real estate markets, a transaction occurs only when the investment value of the buyer exceeds the investment value of the seller. The buyer's investment value is the particular property, while the seller's investment value is the that he or she would be willing to pay for a that he or she would be willing to accept. d. maximum; maximum a. Minimum; minimum b. minimum; maximum c. maximum; minimum
Q4. Several techniques can be used to obtain an indication of land value. The cost approach to valuation would most likely be used for which of the following properties? a. One family residential property b. retail office space c. education facility d. high rise apartment Q5. While there is no specific number of comparable/s that is required for every appraisal assignment, how many comparable sales are considered adequate as long as the properties are very similar to the subject property? a. One b. three c. five d. ten e. twelve Q6. In real estate markets, a transaction occurs only when the investment value of the buyer exceeds the investment value of the seller. The buyer's investment value is the particular property, while the seller's investment value is the that he or she would be willing to pay for a that he or she would be willing to accept. d. maximum; maximum a. Minimum; minimum b. minimum; maximum c. maximum; minimum
Chapter13: Property Transact Ions: Determination Of Gain Or Loss, Basis Considerations, And Nontaxable Exchanges
Section: Chapter Questions
Problem 79P
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Transcribed Image Text:Q4. Several techniques can be used to obtain an indication of land value. The cost approach to valuation would most
likely be used for which of the following properties?
a. One family residential property b. retail office space c. education facility d. high rise apartment
Q5. While there is no specific number of comparable/s that is required for every appraisal assignment, how many
comparable sales are considered adequate as long as the properties are very similar to the subject property?
a. One
b. three
c. five
d. ten
e. twelve
Q6. In real estate markets, a transaction occurs only when the investment value of the buyer exceeds the investment
value of the seller. The buyer's investment value is the
particular property, while the seller's investment value is the
that he or she would be willing to pay for a
that he or she would be willing to accept.
d. maximum; maximum
a. Minimum; minimum b. minimum; maximum c. maximum; minimum
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