Question
When an appraiser analyzes rent using the income approach, he should base his appraisal on which characteristic of the income?
Selections
A. Durability
B. Quality
C. Quantity
D. All of the above
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Question
An agent is putting both his funds from property management and his residential sales in the same trust account. This is okay if:
Selections
A. Broker has a real estate securities permit
B. A separate record is kept for each
C. It is less than $30,000 in the trust account
D. Broker has a fidelity bond to cover the maximum amount
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