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N10
Term | Definition |
---|---|
Capitalization | process of converting Net income into Value |
Economic life | period of time property will produce income/economically beneficial |
Gross Income | total rent collected |
Capitalization rate | return rate an investor wants to receive. value (V) = net income (I) / cap rate (R) |
Gross rent multiplier | equation to estimate values of small income properties. sales price (comp.)/rent |
Reconciliation of data | bringing data together from 3 appraisal methods to determine final estimate |
EPA | regulates federal environmental rules/laws |
ADRE | commissioners require disclosure |
Discovery | phase 1 of investigation |