Valuation & AppraisalCâu 90 / 120
In the income approach, the relationship used to convert net operating income into value is the:
a.Gross rent multiplier only
b.Loan-to-value ratio
c.Assessment ratio
d.Capitalization rate
Giải thích
The income approach converts a property's net operating income (NOI) into value using a capitalization (cap) rate, where value equals NOI divided by the cap rate. It is used mainly for income-producing properties. A higher cap rate generally indicates higher risk and lower value for the same income.
Luyện miễn phí toàn bộ 120 câu hỏi — không cần đăng ký.
Câu hỏi liên quan cùng chủ đề
- Which approach to value estimates a property's worth by comparing it to recently sold similar properties?
- The appraisal principle stating that a buyer will pay no more than the cost of an equally desirable substitute property is:
- The cost approach to value is often most appropriate for:
- An appraisal is best described as:
- Depreciation in appraisal that results from outdated design or features, such as an obsolete floor plan, is called:
- A loss in property value caused by negative factors outside the property, such as a nearby factory or declining neighborhood, is:
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