Estimating Real Estate Value Using the Income Approach

Instructions:

Choose an answer and hit 'next'. You will receive your score and answers at the end.

question 1 of 3

A fair sale could NOT occur under which of the following circumstances?

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1. Market value is _____.

2. For which property is the income approach preferred in estimating the market value of a property?

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About This Quiz & Worksheet

Check to see how much you know about the income approach and real estate value estimation with this multiple-choice quiz and worksheet. For instance, you should know the type of property for which it's best to use the income approach when estimating market value.

Quiz & Worksheet Goals

This quiz will test you on the following:

  • When a fair sale of a property cannot occur
  • How to define 'market value'
  • When the income approach to estimate market value is preferred
  • Component of annual operating expenses
  • Income approach formula

Skills Practiced

  • Interpreting information - verify that you can read information about the fair sale of a property and interpret it correctly
  • Defining key concepts - ensure that you can accurately define a main phrase, such as market value
  • Information recall - access the knowledge you've gained about what's contained in annual operating expenses

Additional Learning

To keep learning about this topic, be sure to review the lesson titled Estimating Real Estate Value Using the Income Approach. Below are examples of what's reviewed in this lesson:

  • How to estimate the capitalization rate
  • Benefit of estimating a property's market value
  • What's included in annual operating expenses
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