Property Valuation
An appraiser uses an income multiplier of 9.5 for a property with annual gross income of $48,000. The indicated value is:
A$420,000
B$456,000✓ Correct
C$480,000
D$504,000
Explanation
Value = Annual Gross Income × GIM (annual). $48,000 × 9.5 = $456,000. Using the values given ($48,000), apply the appropriate formula.. The correct answer is $456,000.. This is a common calculation on the Alaska real estate exam.
Related Alaska Property Valuation Questions
- In Alaska, the value added by a swimming pool to a residential property may be less than its construction cost because of the principle of:
- An Alaska appraiser determines that comparable sales need a 'market conditions adjustment' of +2% per year due to price appreciation. For a sale that closed 18 months ago at $400,000, the time-adjusted price is approximately:
- What does 'plottage value' mean in Alaska real estate?
- Under USPAP, an Alaska appraiser who has a financial interest in a property they are appraising must:
- In Alaska, the 'capitalization rate' is affected primarily by:
- In Alaska, the 'direct capitalization' method of valuation divides which two figures?
- An Alaska property with a 40-year-old structure in excellent condition has an effective age of 15 years. This reflects the principle that:
- External obsolescence in a property appraisal refers to depreciation caused by:
Practice More Alaska Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Alaska Quiz →