

Lesson 22-1 Review
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1.
FLASHCARD QUESTION
Front
the highest price that the property will bring on the market
Back
market value
2.
FLASHCARD QUESTION
Front
What is the term for home value determined by examining the structure, size, features, and quality as compared to similar homes? Options: market value, appraised value, assessed value, estimated value, appreciate
Back
appraised value
3.
FLASHCARD QUESTION
Front
value set by the city or county that is used to compute property taxes
Back
assessed value
4.
FLASHCARD QUESTION
Front
the approximate value of homes, determined by real estate agents, used to help sellers establish a list price
Back
estimated value
5.
FLASHCARD QUESTION
Front
properties with similar features that have recently sold in a close geographic area
Back
comps
6.
FLASHCARD QUESTION
Front
to increases in market value, over time
Back
appreciate
7.
FLASHCARD QUESTION
Front
difference between the market value of property and the amount owed on it
Back
equity
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