hard · National Real Estate Exam
An appraiser is using the income approach to value an apartment building. If the capitalization rate (Cap Rate) increases while the Net Operating Income remains constant, the indicated value of the property will:
- Increase
- Remain the same
- Fluctuate based on Gross Rent Multiplier
- Decrease
Sign up free to see the explanation and track your rank →
More National Real Estate Exam practice
- A broker's employment contract with a seller is officially called the:
- What is the current status of the contract?
- A buyer defaults on a purchase agreement, and the seller chooses to keep the earnest money
- A buyer makes a written offer to a seller. Two days later, before the seller has responded
- A contract for the sale of a property is signed. Before closing, the property is destroyed
- A contract for the sale of real estate that has been signed by both parties is valid, but
- A contract that is valid and binding but allows one party to avoid the agreement because o
- A contract that is valid and enforceable until it is canceled by a party who was a victim