REB-FC5

A study undertaken for the purposes of development and investment, the evaluation of investment performance, or the analysis of a transaction involving investment properties.

• Investment Analysis

• Market Research

• Financial Forecasting

• Risk Assessment

A __________ leasehold interest is created when the contract rent is higher than the current market rent.

• Positive

• Negative

• Neutral

• Variable

Typically a factor produced by two components, which reflects precise differences between properties and facilitates analysis in the three approaches to value, e.g.. price per square meter or square foot, or the ratio of a property's sale price to its net income (net income multiplier/years' purchase).

• Units of Comparison

• Measurement Units

• Value Ratios

• Property Metrics

A group of homogenous land uses.

• Zone

• District

• Sector

• Region

Method of estimating the reproduction cost or replacement cost that combines the direct and indirect costs into a single unit-in-place amount, which when multiplied by the unit measure of the improvement's component will yield the cost of the component.

• Unit-in-Place

• Cost Approach

• Market Value

• Income Approach

The Subic Freeport Zone is one of the largest developments in Central Luzon. What force does this represent?

• Economic

• Political

• Social

• Environmental

Type of market analysis that addresses the time required to absorb a particular product, and the price or rent level at which that product would be accepted into the marketplace.

• Marketability Study

• Feasibility Study

• Demand Analysis

• Cost-Benefit Analysis

The study of a specific market. It is the collection and dissection of data and the conversion of that data to information that can be used for analysis and decision-making by an appraiser or analyst.

• Market Analysis

• Data Interpretation

• Market Research

• Statistical Evaluation

A study is simply a comparison of cost versus the value if the project is undertaken.

• Feasibility Study

• Cost-Benefit Analysis

• Risk Assessment

• Project Evaluation

The cost of replacing an asset with an equally satisfactory substitute asset; normally derived from the current acquisition cost of a similar asset, new or used, or of an equivalent productive capacity or service potential.

• Replacement Cost

• Market Value

• Book Value

• Depreciation Cost