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Which statement is TRUE regarding gross living area (GLA) in an exterior-only inspection appraisal for Fannie Mae

Rom4ik [11]

The appraiser must identify the data source for the GLA.

Is TRUE regarding gross living area (GLA) in an exterior-only inspection appraisal for Fannie Mae

Property valuation, property valuation, or land valuation is the process of creating a property valuation (usually market value). Real estate transactions are traded daily and, in contrast to corporate stocks that are identical, are infrequent and each property is unique (especially its condition, an important factor in valuation) and may require the valuation.

The location also plays a decisive role in the evaluation. However, real estate cannot be relocated, so it is often the upgrade or improvement of a home that can change its value. Evaluation reports are the basis for mortgages, real estate planning, divorce, taxation, and more. Valuation reports are sometimes used to set the sale price of a property.

In addition to various compulsory education levels from finance to civil engineering, most, if not all, countries require appraisers to be licensed to practice.

Learn more about Appraisal here: brainly.com/question/843074

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3 0

2 years ago

An online movie streaming service charges $14.99 per month for its basic package. However, when a competitor introduced the same

marshall27 [118]

Answer:

The firm reduced its price to maintain its market share.

Explanation:

An online streaming service is providing its basic package at the price of $14.99.

A competitor of the firm offers the same service at $13.99.

The firm in the reaction will also reduce its price to $13.99.

We know that the consumers always prefer the cheaper substitute, so if the competitor was providing the service at a lower price, it was most likely that the consumers will purchase from the competitor.

This would have led to a decline in the demand and thus the market share of the firm. So in order to maintain its market share. The firm reduced its price at the same level as its competitor.

7 0

3 years ago

When a new variety of Envirokids whole-grain breakfast cereals is first introduced, consumers will most likely engage in ____ wh

lbvjy [14]

When a new variety of Envirokids whole-grain breakfast cereals is first introduced, consumers will most likely engage in "limited decision making" when deciding whether or not to purchase this new product.

<h3>What is limited decision making?</h3>

When buying things that need a reasonable amount of time and effort to compare models and brands before making a decision, consumers use limited decision-making.

Some features of limited decision making are-

When you require knowledge on an unexpected brand inside a well-known product area, perhaps. takes some time to obtain the necessary information.
Examples include clothing, when the brand is unknown but the product class is known.

The three categories of decisions-making are-

Organisational direction is determined by strategic decisions.
Decisions made at the tactical level affect how tasks will be completed.
Last but not least, operational decisions are those that staff members take on a daily basis to manage the company.

To know more about use of limited decision making while purchasing, here

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7 0

2 years ago

There are two nations that, using all of their resources, both produce lemon drops and boxes. Nation A can produce either 300 le

In-s [12.5K]

Answer:

I drew the production possibilities frontier curve for both nations, A and B, and attached it.

Explanation:

7 0

3 years ago

Moss Corp. owns 20% of Dubro Corp.'s preferred stock and 40% of its common stock. Dubro's stock outstanding at December 31, Year

Temka [501]

Answer:

Revenue due to investment in Dubro = $22,000

Explanation:

In the given case, revenue to be recorded will be based on calculation as follows:

Since investment in equity is 40% of total share, equity method will be used.

In such method all income share in equity and preference dividend will form part of income for the current year.

Dividend = $10,000 $\times$ 20% as invested in preference capital.

= $2,000

Share in income = $50,000 $\times$ 40% as invested in equity = $20,000

Note: Dividend will be deducted from net income as net income for equity

Net income - Dividend = $60,000 - $10,000 = $50,000

Thus, net share of income = $2,000 + $20,000 = $22,000

7 0

4 years ago