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Flashcard
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Business
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University
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Practice Problem
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Hard
Lovell Antipuesto
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35 questions
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1.
FLASHCARD QUESTION
Front
Provides an indication of value by comparing the asset with identical or comparable (similar) assets for which price information is avaiable.
Back
Market Approach (PVS2)
2.
FLASHCARD QUESTION
Front
Data generally used in a valuation analysis to develop value estimates. It relates to properties that have characteristics similar to those of the property being valued (subject propert)
Back
Comparable Data
3.
FLASHCARD QUESTION
Front
Properties that are substantially equivalent to the subject property.
Back
Comparables
4.
FLASHCARD QUESTION
Front
Elements of Comparison under PVS1
Back
Real property rights conveyed
financing terms
conditions of sale
expenditures made immediately after the purchase
Market Conditions
Location
Physical Characteristics
Economic Characteristics
Use
Non-realty components of sale
5.
FLASHCARD QUESTION
Front
A factor produced by two components which reflects precise differences between properties and facilitates analysis in the three approaches to value.
(PVS1)
Back
Unit of Comparison
6.
FLASHCARD QUESTION
Front
Elements of Comparison which are considered basic in comparable sales analysis.
(DETR)
Back
Date of Sale
Exact Location
Transactional Details
Remarks on physical characteristic
7.
FLASHCARD QUESTION
Front
An analysis designed to eliminate the effect on value of the differences (element of comparison)
Back
Adjustment Process
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