Valuation & AppraisalCâu 63 / 120
The principle of anticipation holds that value is created by the expectation of:
a.Past sales prices
b.Original construction cost
c.Future benefits from the property
d.Assessed tax value
Giải thích
The principle of anticipation states that value is based on the present worth of expected future benefits, such as income or appreciation. Investors buy property for what it will produce, not what it cost. This principle underlies the income approach.
Luyện miễn phí toàn bộ 120 câu hỏi — không cần đăng ký.
Câu hỏi liên quan cùng chủ đề
- An investment property produces $60,000 in net operating income and the market capitalization rate is 8%. Using the income approach, its indicated value is:
- The value a county assessor places on property to compute property taxes is the:
- Combining two adjacent parcels to create a single, more valuable parcel is called assemblage, and the resulting increase in value is:
- In the cost approach, an estimate of the cost to build an exact duplicate of the improvements using the same materials is the:
- A loss in property value caused by a new freeway built next to a residence is best classified as:
- Ordinary wear and tear, such as worn carpet and a leaking roof, is a form of:
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