Flashcards
127.241 Flashcards A
Cards in this deck (23)
- 1The Mirror Principle under the Torrens system means that:The current title reflects all the relevant information pertaining to the title.
- 2How does the Sales Approach work when valuing a residential property?You compare like properties with like properties.
- 3Providing the use is reasonably...probable.
- 4Providing the use is ......permitted.legally
- 5Providing the use is ....... feasible.financially
- 6Provided the use is supported by.....market demand.
- 7In the case of Fraser v Walker (1967) the Court ruled:Walker had title to the land.
- 8Freehold title means...The title is held under a fee simple arrangement.
- 9Terraview provides what type of information?Mapping
- 10If a property has a gross income of $100,000, operating expenses of $10,000, & a gross capitilisation rate of 10%, the estimated value of that property will be?$1,000,000
- 11The Net Rate Method of valuation allows:Intrinsic value often dictated by fashion, to be accounted for.
- 12—3
- 13What are the Five C's of Credit?1. Collateral
2. Capital
3. Conditions
4. Borrower's characteristics
5. Borrower's repayment capacity - 14The Income Approach is based on what principle?Anticipation
- 15When interest rates are increasing & real estate values are falling. What stage of the real estate cycle would this be?Recession.
- 16Demand for residential property is ultimately driven by...Demographics.
- 17The relationship between the cost and value of real property is such that:All of the above.
- 18An easement recorded on the computer freehold register is:A legal right to use another's land.
- 19Depreciation can be summarised as:All of these answers are correct.
- 20Absolute referencing is:A way of changing values in copied formulas in spread sheeting.
- 21The 'investor hurdle' refers to:The specific discount rate.
- 22Eminent domain means:The Government has the power to resume land.
- 23A property valued at $620,000 has a net income of $26,000 p.a, What is the capitilisation rate?4.19%
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- Professional 127.241 Flashcards on 127.241 Flashcards A, created by Eve Prouse on 02/06/2015.
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- Eve Prouse
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