Topic 16.4: Practice Activities Copy
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Question 1 of 4
1. Question
The income approach would be the most appropriate valuation method for a public library.
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Question 2 of 4
2. Question
If income is $400,000, and the rate is 8%, the value must be $5,000,000.
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Question 3 of 4
3. Question
Put the steps in the income approach into the correct order.
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Find value by dividing the NOI by the capitalization rate.
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Find net operating income (NOI) by deducting expenses from effective gross income.
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Estimate the appropriate capitalization rate.
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Estimate property expenses.
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Find effective gross income (EGI) by deducting vacancy and adding other income.
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Estimate potential gross income (PGI) for the property.
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Question 4 of 4
4. Question
Match the descriptions with the correct appraisal approach.
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- Detailed inventory of every item in building
- Fixing the defect will add more value than the cost to fix it.
- Rise and fall based on the occupancy rate
- Result of dividing net operating income by the sales price
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Quantity survey method
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Curable depreciation
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Variable expenses
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Capitalization rate
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