Market value correct answers The most probable price which a property will bring
Investment value correct answers is unique to the individual investor
... [Show More] and need not be closely related to market value or most probable selling price
the most probable price a property will bring in a competitive and open market under all conditions requisite to a fair sale correct answers The term market value, as generally employed by appraisers
When considering a real estate investment opportunity, what needs to be addressed? correct answers Estimates of total costs and benefits & The timing of disbursements and receipts
Cash flows come from? correct answers Rental, refinancing, and tax savings
Rational real estate investment decisions require: correct answers a coupling of estimated costs and benefits with a forecast of the timing of disbursements and receipts
Active investors vs. passive investors: correct answers make decisions that affect the profitability of the property's operations.
State-of-the-art real estate investment analysis treats real estate as correct answers a capital asset desired for the stream of benefits it creates
Real estate is an appropriate investment vehicle for correct answers individuals and institutions, depending upon their time horizons and investment goals
Rational risk taking correct answers specifies investment objectives carefully & eliminates as much risk as possible.
A property's income-generating potential depends on correct answers its desirability relative to competing properties in the market area & the interaction of supply and demand in its market area.
Facility's design or engineering for its intended use is a measure of its correct answers functional efficiency
Decline in a building's competitive position due to design is correct answers functional obsolescence
A property's desirability relative to competing properties is influenced by what? correct answers neighborhood economic and social conditions, relative physical durability, relative functional efficiency. [Show Less]