Fairchild Real Estate School of Florida Pre-license Course Chapter 16 Crossword

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Across
  1. 1. The ___ approach is used for income-producing properties
  2. 5. The added value of assemblage
  3. 11. Expenditure to create an improvement
  4. 12. The amount paid in a transaction
  5. 14. Single family homes are appraised using the sales ___ approach
  6. 15. Special purpose & newly constructed properties are appraised using the ___ approach
  7. 16. Value used for businesses going out of business
  8. 17. Cost using modern materials
  9. 18. The most ___ use of property is highest & best use
  10. 19. The worth of something
Down
  1. 2. CMAs use recently sold, currently on the market & recently ___ listings
  2. 3. USPAP: ___ standards of professional appraisal practice
  3. 4. CBS: Comp better ___
  4. 6. Going-concern value is used for income-producing properties with a significant ___ history
  5. 7. Value that is the most probable price a property should bring in a fair sale
  6. 8. Obsolescence from poor design, changing taste & over-improvements
  7. 9. IRV: ___ divided by rate X value
  8. 10. USPAP rules are used for a(n) ___
  9. 13. Characteristics of value: demand, utility, ___, & transferability