Reference no: EM132170736
1. What is crosslease land tenure?
a. A form of fee simple with the right to occupy land in perpetuity
b. The right to use land for a specific timeframe
c. A low cost and complex leasing arrangement
d. Freehold tenure with the highest level of ownership rights
e. Property held without any borrowings
2. The best way/s of valuing a near new property are:
a. Sales and investment approaches
b. Net rate only
c. Sales approach only
d. Cost and sales approaches
e. Income and cost approaches
3. Suppose a young couple have saved 30% deposit on a house in Auckland that delivers a $25,000 cashflow. Current market derived capitalization rate for this type of property is 3.3%. How much is their equity investment (to the nearest dollar)?
a. $75,000
b. $227,273
c. $234,900
d. $757,576
e. $220,000