26. As a prudent investor selling your property, which CAP rale would you preter to obtain the highest selling price? a) 1% b) .09% c) 99% d) 150% e) Not enough information 27. Which GRM below appears to have the lowest cash flow and most likely the lowest neighborhood risk and highest appreciation potential? a) 3 b) 4 c) 5.7 d) 8 e) GRM cannot be used to measure potential cash flow or risk 28. Any note receivable payments on the profitable sale of a real estate asset includes on each payment, received over time? (Most correct answer): a) Return on investment, return of investment and interest which is all taxable to the IRS b) Return on investment which is a capital gains event c) Return on investment in the form of taxable interest at ordinary tax rates + capital gains d) Return on investment which is capital gain and interest which is ordinary income and taxed accordingly and return of investment which is tax free income e) All or none of the above 29. The best guess long-term capital gains rate for 2017 which apply generally to property held more than 1 year is, in addition, to Obama Health Care Tax of about 2.8%. a) 20% b) 21% c) 39.5% d) 29% e) 42% 30. On a 2017 Tax Free Exchange (1031 Exchange) what two (2) numbers correlate? a) 365+1 day b) 45/180 days c) Ordinary Income Tax Rate/Long Term CAP Gains Tax d) 27.5/39 e) None of the above 31. The NOI of a property includes consideration of: a) Depreciation b) Debt service c) Tax benefits d) B and C only e) None of the above 32. The IRR yieldwhich is/are true