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    NOTE: Since the back of the pages are printed in reverse order (last page is printed first), keep the pages in the same order as they were after Step 1. Also, be sure to feed the pages in the same direction as you did in Step 1.
  3. Cut out the notecards by cutting along each horizontal and vertical dotted line
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5 notecards = 2 pages (4 cards per page)

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UNIT 16

front 1

1.
Which appraisal method uses a rate of investment return?

back 1

A. Sales comparison approach
B. Cost approach
C. Income approach
D. Gross income multiplier method

front 2

2.
The characteristics of value include which of the following?

back 2

A. Competition
B. Scarcity
C. Anticipation
D. Balance

front 3

3.
There are two vacant adjacent lots in an area zoned for commercial use, each worth approximately $50,000. If their owner sells them as a single lot, however, the combined parcel will be worth $120,000. What principle does this illustrate?

back 3

A. Substitution
B. Plottage
C. Regression
D. Progression

front 4

4.
The amount of money a property is likely to command in the marketplace is its

back 4

A. intrinsic value.
B. market value.
C. subjective value.
D. book value.

front 5

5.
A homeowner constructs a five-bedroom brick house with an indoor pool in a neighborhood of modest two-bedroom and three-bedroom frame houses on narrow lots. The value of this house is MOST likely to be affected by what principle?

back 5

A. Progression
B. Assemblage
C. Change
D. Regression