(CHAPTER 7)
Click on all that are TRUE!
Do not try to click on all! Negative points will be given for any incorrectly clicked answers.
When using the sales comparison approach to compute the market value of a single-family house, the value of an amenity that is missing in a comp but that the
subject property has, should be added to the comp's recent selling price.
When building a loan amortization table, the ending balance is calculated by taking the beginning balance and subtracting the loan payment.
As part of your real estate analysis in Pomona, you collected data that shows the distribution of the residents by different jobs. The Location Quotient that you found
for jobs in the transportation industry is 0.8. Is the following true or false? This means that for every 100 people in the USA employed in transportation jobs, there
are only 80 in Pomona.
Both the arithmetic and the geometric average rates of appreciation in home equity show what the return would be on average over a one year investment period.