Save
Busy. Please wait.
Log in with Clever
or
show password
Forgot Password?
Don't have an account?  Sign up 
Sign up using Clever
or
Username is available taken
show password


Make sure to remember your password. If you forget it there is no way for StudyStack to send you a reset link. You would need to create a new account. Your email address is only used to allow you to reset your password. See our Privacy Policy and Terms of Service.

Already a StudyStack user? Log In

Reset Password
Enter the associated with your account, and we'll email you a link to reset your password.
focusNode
Didn't know it?
click below
 
Knew it?
click below
Don't Know
Remaining cards (0)
Know
0:00
edit
Embed Code - If you would like this activity on your web page, copy the script below and paste it into your web page.

  Normal Size     Small Size show me how

Valuation and Market

Washington State Exam Prep

TermDefinition
Appraisal An estimate of value as of a specific date and for a specific use
Appraiser One who performs an appraisal
Assessed Value The dollar amount to which the local tax rate is multiplied to determine property tax owned
Bracketing Determiners a probable rang of property values by comparing a group of comparable sales to the subject
Capitalization Rate/ Cap Rate The return on investment that other investors in a given marketplace are receiving for asimilar property: expresses the income a real estate investment produce as a percentage od its price
Comparable Recently sold real estate that can be used to determine the value of a similar piece of real estate
Dust An acronym used in valuation that stand for: Demand, Utility, Scarcity and Transferability
Valuation An estimate of values: an appraisel
Value What a property is worth
Value in Use The worth of a property as the owner is currently using it
Uniform Standards of professional Appraisal Practice (USPAP) The federal standards that appraisers must abide by when appraising federally related transactions
Market Price The price at which a property can be brought or sold
Market Value A price at which a willing buyer and willing seller can strive a deal given ordinary market conditions
Gross Income Multiplier A figure used as a multiplier of gross annual income of a property: used to estimate property value for properties of five-plus units
Regression The loss of value in a property that accurs when a nearby property's value decrease
Functional Obsolesence Loss in value resulting from functional problems caused by age or poor design
Replacement Cost/ Replacement Cost New The construction costs of current prices to replace a property that won't be an exact duplicate, but serves the same purpose of function as the original
Reproduction Cost The construction costs at the current price point that will be necessary to exactly reproduce existing improvements to a property
Created by: karlajulio
Popular Real Estate sets

 

 



Voices

Use these flashcards to help memorize information. Look at the large card and try to recall what is on the other side. Then click the card to flip it. If you knew the answer, click the green Know box. Otherwise, click the red Don't know box.

When you've placed seven or more cards in the Don't know box, click "retry" to try those cards again.

If you've accidentally put the card in the wrong box, just click on the card to take it out of the box.

You can also use your keyboard to move the cards as follows:

If you are logged in to your account, this website will remember which cards you know and don't know so that they are in the same box the next time you log in.

When you need a break, try one of the other activities listed below the flashcards like Matching, Snowman, or Hungry Bug. Although it may feel like you're playing a game, your brain is still making more connections with the information to help you out.

To see how well you know the information, try the Quiz or Test activity.

Pass complete!
"Know" box contains:
Time elapsed:
Retries:
restart all cards