2025 REA Vocabulary Quiz 1

The actual or estimated periodic net income produced by the revenues and expenditures / outgoings in the operation and ultimate resale of an income-producing property.

• MONEY FLOW
• FLOW OF INVESTMENT
• CASH FLOW
• CASH MOVEMENT

a building that is officially recognized for its historic significance and therefore has special income tax status, which encourages rehabilitation and discourages demolition or substantial alteration of the structure. Qualified rehabilitation expenses to certified historic structures are eligible for a 20% tax credit.

• OLD STRUCTURE
• ANTIQUE STRUCTURE
• HISTORIC STRUCTURE
• ANCIENT STRUCTURE

a network of satellites allowing users with portable GPS devices to determine precise locations on the surface of the Earth. The portable ________ device measures the exact time taken for signals to reach it from at least 4 different satellites; from this, the instrument can compute its location. Some devices merely report the position in the form of geographic coordinates; others can provide sophisticated maps and driving directions, including turn-by-turn voice narration.

• GLOBAL POSITIONING SYSTEM (GPS)
• WAZE
• GOOGLE MAPS
• GOOGLE EARTH

The process of analyzing sets of property and market data to determine the specific parameters operating upon a model

• CALIBRATING
• CALIBRATION
• STANDARDIZATION
• READJUSTMENT

__ damages to other interests of the owner that can be attributed to the expropriation;

• BENEFIT
• CONSEQUENTIAL DAMAGE
• CONSEQUENTIAL BENEFIT
• DAMAGE

One of the approaches to value commonly applied in Market Value estimates and many other valuation situations. It establishes the value of a real property by estimating the cost of acquiring land and building a new property with equal utility or adapting an old property to the same use with no undue cost due to delay.

• COST APPROACH
• INCOME APPROACH
• DATA APPROACH
• CONSUMER APPROACH

a loan that requires a small percentage cash down payment. Generally, loans that cover more than 80% of the value of the mortgaged property. Such loans generally require loan insurance of guarantee.

• WITH HIGH INTEREST MORTGAGE/LOAN
• HIGH MORTGAGE/LOAN
• RATIOED MORTGAGE/LOAN
• HIGH-RATIO MORTGAGE/LOAN

Any multiple or divisor used to convert income into capital value. See also Capitalization Rate, Income Multiplier, Valuation Ratio.

• ECONOMIC FACTOR
• INCOME FACTOR
• CONSUMER FACTOR
• CAPITALIZATION FACTOR

What is HELOC?

• HOME EQUITY LINE OF CREDIT
• HOME EQUITY CREDIT
• HOME EQUITY LINE CREDIT
• HOME LINE OF CREDIT

The power to direct the management and policies of a business.

• PERMIT
• CONTROL
• AUTHORITY
• JURISDICTION