Skip to main content

Land value determination

Which method of determining land value is described by the steps below?
1. Estimate the value of the land at its highest and best use (the reasonably probable use that produces the highest property value)
2. Calculate the cost to replace the building or add improvements.
3. Calculate the estimated accrued depreciation and subtract this from the replacement cost or cost of the improvements.
4. Add the adjusted amount to the land value to render the total value of the property.
Answer
ARE 4.0 exam study: PPP

Comments

Post a Comment

Try These Too!

Interior Glazing

Safety glazing (tempered glass, laminated glass or impact resistant plastic) is not required at this interior window (18sf glazed area). Which of these satisfies conditions for using non-safety glazing? A. Within 36 inches horizontally of a walking surface B. Bottom edge is less than 60" above the plane of the adjacent walking surface C. 1 1/2 in protective bar between 34 and 38 inches on accessible side D. Exposed area of the pane is greater than 9 sf Answer C. 1 1/2 inch protective bar between 34-38 inches on accessible side. In this case, safety glazing is not required. ARE 4.0 exam prep: BDCS
Post a Comment
See the answer »

Thermal insulation

Which of the following types of thermal insulation can be blown into wall or ceiling cavities with least difficulty, but contains no adhesive properties? I. Cellulose II. Rock wool III. Vermiculite IV. Mineral wool V. Straw VI. Polyicynene Answer I, II and III are loose-fill types of insulation that can be blown. IV comes in batts, V can come in boards or bales, VI is a spray-foam that adheres to the cavity. ARE 4.0 exam prep: BS
Post a Comment
See the answer »

Heat gain calculation

Which lighting produces a 654.72 Btu/hr heat gain? A. 4x 40 watt fluorescent bulbs B. 2 x 75 watt incandescent C. 12 x 12 watt LEDs Answer (1 watt = 3.41 Btu/hr) A. 4x40 watts x 1.2 (for ballast) x 3.41 Btu/hr ARE 4.0 exam prep: BS
Post a Comment
See the answer »