Florida Real Estate MCQs Paper 13

1

The gross rent multiplier multiplied by the monthly rent will be equal to






2

Which of the following appraisal methods would be appropriate for a subject property when comparable sales data is unavailable?
I. Sales Comparison Approach
II. Income Capitalization Approach
III. Cost-Depreciation Approach






3

The expense of building a property of equal utility that is similar but not identical to the subject property is known as its:






4

After seven years, a motel building in Lake City, Florida, is worth less money due to wear and tear. This is an example of






5

Karen owns a large home with a master bedroom that has only a small, single closet. Karen home is suffering from a condition known as






6

Robert is preparing to sell his residence. The interior needs repainting at a cost of $5,000. However, Robert is encouraged because, after the interior is repainted, it will add $10,000 to the property value. The status of the interior paint condition is known as:






7

Effective gross income less operating expenses (including reserves for replacements) is equal to:






8

According to the income capitalization method, if the capitalization rate remains the same but net operating income is increased, how will value be affected?






9

If a comparable property has a feature that is $5,000 superior to the subject property, how should this difference be reflected in the reconciliation?






10

The amount of money actually spent to acquire a property is known as its:






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