Fl Real Estate Brokers Exam 103 Questions And Answers
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Terms in this set
103
A tax shelter is ?
the excess of cash flow over taxable income.
Pooling of funds of several lenders to make a single loan is ?
mortgage participation
In a tax deferred exchange "boot' is the ?
taxable unlike property.
The ability of a comapany to meet its short term obligations is expressed by the?
quick ratio.
Which is a residual concept?
highest and best use
An investor is going to restore and old Victorian home. The lender wants to know what its value will be after restoration. The appraiser should use ?
reproduction cost
The sequence of dollar adjustments in the comparable sales approach:
is financing terms, location, and physical
In calculating taxable income an investor may NOT deduct?
capital improvements
In the appraisal process which is a basic step in the cost approach?
compute value of site as if vacant
An income property financial analysis would NOT normally analyzed the:
equity build-up