While Making a Rule of Thumb Appraisal of an Apartment

question 21

Multiple Choice

While making a rule of thumb appraisal of an apartment building, a broker estimated the price to be 10 times gross annual income. The broker is using a:

• A) coordinate factor
• B) gross rent multiplier
• C) cap rate
• D) net factor

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Definitions:

Latent Period

the time interval between exposure to a stimulus or infection and the appearance of noticeable symptoms or effects.

Oral Stage

The oral stage is the first stage in Freud's psychosexual development theory, where the mouth is the primary source of pleasure and exploration for infants.

Phallic Stage

A phase in Freudian psychosexual development, occurring around ages 3 to 6, where children's pleasure centers on the genital area.

Psychosexual Stages

A Freudian theory that describes five stages of child development (oral, anal, phallic, latency, genital), each characterized by pleasure seeking from different body areas.