2025 REA Vocabulary Quiz 1

2025 REA Vocabulary Quiz 1

KG

20 Qs

quiz-placeholder

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2025 REA Vocabulary Quiz 1

2025 REA Vocabulary Quiz 1

Assessment

Quiz

Other

KG

Hard

Created by

Quizizz Content

FREE Resource

20 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

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

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

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

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

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

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

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

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

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

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

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

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

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

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