1. All of the following are an example of the income approach for appraisals except for:

Group of answer choices

Factor discounting rates

Gross income multiplier

Discounted present value

Capitalization rate

2.

Regarding the value of a property, an appraisal:

Group of answer choices

Calculates value

Estimates value

Confirms value

Determines value

3.

Select the category that best describes the main categories of depreciation.

Group of answer choices

Economic, physical, external

Physical, external, functional

External, structural, financial

Physical, economic, locational

4.

Please identify which adjustment should be made when using the sales comparison approach given that a comparable property has a superior feature to the subject property.

Group of answer choices

Value of the feature would be subtracted from the sales price of the comparable property

Value of the feature would be subtracted from the value of the subject property

Value of the feature would be added to the value of the subject property

Value of the feature would be added to the sales price of the comparable property

5.

An investigation conducted by an investor when considering purchasing a property is known as:

Group of answer choices

Due diligence

Risk analysis

Investigation

Acquisition analysis