# National Section - Chapter 2 Flashcards

Area of a rectangle

width x depth / length

Area of a triangle

base x height / 2

Area of a trapezoid

(L + L / 2) x H

1 Acre = ? SQFT

43,560

Width of the lot and the expanse of road exposure that a lot offers

front footage

Heated and cooled square footage of a structure that is measured using the outside dimensions

Gross Living Area

GLA excludes what areas?

garage, carports, decks, patios

Amount of space local zoning regulations require between the property line and any improvements

setbacks

Type of legal description that describes a parcel of land using a set of fractions and the corresponding section, township and range numbers

rectangular/ government survey

Square tract of land used in the rectangular survey method

section

1 section measurements

1 mile wide and 1 mile deep (contains 640 acres)

Volume

H (or D) x W x L

Tool agents use to determine listing amount on a home

Comparative Market Analysis

Appraisal method for single family or duplexes based on the gross monthly rent

Gross Rent Multiplier

Method of appraising income producing properties based on the annual gross income

gross income multiplier