When using the income approach to arrive at the estimate of the property's value the capitalization rate would be divided into the:
A. Annual gross income.
B. Annual effective gross income.
C. Annual total expenses.
D. Annual net operating income.
Answer: D. Annual net operating income.
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Anne Bogaert reviews the status of her home mortgage schedule for the month of January 2014: On 31 January 2014, Boagert makes a payment of $15,000 rather than $10,000. What will be the outstanding mortgage loan balance immediately after the payment is made?
A. $485,000 B. $487,500 C. $490,000
An agent is performing a competitive market analysis for a potential client, working with four comparables. Which of the following comparables would require an upward adjustment in its sales price?
A. Comparable W: is on a larger lot size than the subject property B. Comparable X: lacks a garage which subject property has C. Comparable YL has a swimming pool which subject property lacks D. Comparable Z: is in a superior neighborhood compared to subject property