Part 9

Question 1

__________ value is a type of value, stated as an opinion, that presumes the transfer of a property, as of a certain date, under specific conditions set forth in the value definition

Answer 1

Market

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Question 2

__________ equivalency _________ is an analytical process in which the same price of a transaction with no market financing or financing with unusual conditions or incentives is converted into a price expressed in terms of cash or it’s equivalent

Answer 2

Cash equivalency analysis

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Question 3

T/F - When adjusting for cash equivalency, adjustments are made to the subject, not the comparable sales

Answer 3

False

9-140

Question 4

When a sale is between unrelated parties and under no duress they are considered an _____-________ transaction

Answer 4

Arm’s-length

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Question 5

____________ time is the time a property was available for sale in the market and always presumes to occur prior to the effective date of the appraisal

Answer 5

Exposure

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Question 6

____________ time is an opinion of the amount of time it might take to sell a real or personal property interest at the concluded market level immediately after the effective date

Answer 6

Marketing

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