13-20The Following Is NOT Considered in the Appraisal of a Residential

question 17

Multiple Choice

13-20.The following is NOT considered in the appraisal of a residential property:

• A) HUD identified flood area
• B) alternative land use
• C) comparable properties
• D) net operating income

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Definitions:

Student Loans

Financial borrowings aimed at financing higher education expenses, which must be repaid by the borrower.

Interest Rate

The part of a loan charged as interest to the borrower, typically demonstrated as an annual percentage of the unsettled loan portion.

Monthly Payment

A regularly scheduled payment that is often used to repay loans over a specific period of time.

Lump Sum

A single payment made at a particular time, as opposed to several smaller payments or installments.