FINE 445- Midterm Exam Guide - Comprehensive Notes for the exam ( 32 pages long!)
Document Summary
You are allowed to use a calculator and a language dictionary. Choose the relatively most appropriate or the best answer among the alternatives presented. Yes: suppose an additional bedroom is appraised at ,000 and modern designs have a premium of. Your subject property has 3 bedrooms and a modern design. An older design comparison property has 4 bedrooms. Modern + ,500, one less bedroom -,000: overall, +: choose the most appropriate statement, suppose properties on corner lot sell at a premium of ,500 and below average construction quality leads to a discount of ,300. Your subject property is on an interior lot and its construction quality is average. A comparison property is located on a corner lot, but its construction quality is below average. Based on these considerations alone, the appraised value of the subject property will be lower than the transaction price of the comparison property.
