Final Quiz

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Quiz Score out of 25

1. Fair market value does not depend upon which of the following?
Buyer and seller are not using the same real estate agent
Both parties are well informed
A reasonable time is allowed in the open market
Buyer and seller are typically motivated

2. Which of the following most directly affects value?
Gross Income
Net Income

3. Cash flow usually increases in the years after purchase due to all of the following except which?

Reduction in loan principal
Moving into a higher income tax bracket
Decreasing vacancies in the local market