
REB-FC6
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KG
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20 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Represents the money earned for the right to use capital.
Profit
Dividend
Interest
Revenue
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
In the income approach to value, reconstructed operating statements specify that the income projection is subject to the assumption that the property is run by a / an
Average Competent Management
Inefficient Management
Highly Skilled Management
Minimal Management
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The period of time over which improvements contribute to property value.
Economic Life
Depreciation Period
Market Value Duration
Investment Horizon
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
An impairment of the utility or salability of an improvement or property due to negative influences outside the property.
Economic Obsolescence
Functional Obsolescence
Physical Deterioration
Market Fluctuation
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The estimated amount for which a property, or space within a property, should lease on the date of valuation between a willing lessor and a willing lessee on appropriate lease terms in an arm's-length transaction, after proper marketing wherein the parties had each acted knowledgeably, prudently, and without compulsion
Market Rent
Fair Market Value
Leasehold Interest
Rental Yield
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Lose in value caused by a flaw in the structure, materials, or design that diminishes the function, utility. and value of the improvement
Functional Obsolescence
Economic Obsolescence
Physical Deterioration
External Obsolescence
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The resulting amount of reducing the annual potential gross income by a vacancy allowance amount.
Effective Gross Income
Net Operating Income
Gross Scheduled Income
Total Income Potential
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