TMA

TMA4/ENT328 – Estate Management TMA 4 QUESTIONS AND ANSWERS

TMA Quiz Questions

TMA: TMA4/ENT328
ENT328 – Estate Management
MRS. Olajide-Arise Temi (tolajide-arise@noun.edu.ng )

1 ………. Can be defined as various calculation, computation or assessments which as experienced valuer adopts in arriving at his valuation opinion.

A. method of expenditure
B. method of valuation  
C. method of analysis
D. method of statisitics

2 There are ……… methods when carrying out a valuation exercise.

A. 3
B. 4
C. 5  
D. 6

3 Which ONE of the following is NOT among the valuation exercise.

A. comparative method
B. investment method
C. residual method
D. public method  

4 The 3 basic traditional method consists of comparative, investment and ……….

A. contractors  
B. commercial
C. residential
D. none of the above

5 ………. Method is predicted on sales data.

A. investment method
B. comparative method  
C. contractors method
D. residual method

6 Comparative method estimates market value by comparing sales prices of recent transactions involving similar properties.

A. TRUE  
B. FALSE
C. maybe
D. none of the above

7 ………. Method is based on the income from property and derives the value from the capitalization of such income.

A. investment method  
B. commercial method
C. contractors method
D. none of the above

8 Capitalization has been defined as the process through which an anticipated income stream is converted into capital value.

A. TRUE  
B. FALSE
C. maybe
D. none of the above

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9 ……….. Method is normally used in situation where a change in the use of land or building is contemplated in order to release its latent value.

A. residual method  
B. commercial method
C. investment method
D. none of the above

10 Residual land value= Excepted development value -Expected development cost

A. TRUE  
B. FALSE
C. maybe
D. none of the above

11 When a valuer is required to carry out valuation by a client, he will eventually have to sum up all his finding in a “valuation report”.

A. TRUE  
B. FALSE
C. maybe
D. none of the above

12 Which ONE of the following is NOT among the ingredients required in the different parts of the valuation.

A. brief/instruction
B. date of inspection
C. date of facilitation  
D. purpose and scope

13 Which ONE of the following is NOT among a valuation report written by professional skill.

A. letter of transmittal
B. location sketch
C. neighborhood data
D. formal letter  

14 Valuation report consists of the essential outlines under which the report should be prepared.

A. TRUE  
B. FALSE
C. maybe
D. none of the above

15 which ONE of the following is NOT among the duties of an agent.

A. duty of loyalty
B. duty to act with skill
C. duty to account for money spent
D. duty to buy and sell  

16 an agent must not accept any new obligations that are inconsistent with the duties owed to the principal.

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A. TRUE  
B. FALSE
D. Maybe
C. None of the above

17 ………. Agent is where a single firm is briefed and authorised to let, purchase or sell a property.

A. multiple agent
B. joint agent
C. sole agent  
D. None of the above

18 ……….. Is a process of re-ording the structures of dilapidated parts of urban settlement.

A. urban renewal  
B. rural renewal
C. rural-urban renewal
D. None of the above

19 A building can last for decades or even centuries, and the land underneath it is prctically indistructable.

A. TRUE  
B. FALSE
C. Maybe
D. None of the above

20 Every piece of real estate is unique, in terms of its location, in terms of the building and in terms of its financing.

A. TRUE  
B. FALSE
C. Maybe
D. None of the above

 

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