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This document contains multiple choice questions about concepts in mass appraisal such as VDIS, beneficiaries of schedules of market values, benchmarks, reproduction cost new, factors considered in estimating reproduction cost new, traffic generators, and vacancy rate. It provides the question and the correct answer for each multiple choice question to test understanding of these mass appraisal valuation terms and concepts.

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Erika Lusterio
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50 views2 pages

5 Rea

This document contains multiple choice questions about concepts in mass appraisal such as VDIS, beneficiaries of schedules of market values, benchmarks, reproduction cost new, factors considered in estimating reproduction cost new, traffic generators, and vacancy rate. It provides the question and the correct answer for each multiple choice question to test understanding of these mass appraisal valuation terms and concepts.

Uploaded by

Erika Lusterio
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
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In Mass Appraisal, VDIS stands for:

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Valuation Digitalization and Institutional System
 
Valuation Domestic and International System
Valuation Database and Information System
Valuers Data and Informational System
Correct answer
Valuation Database and Information System
 
The following groups are considered beneficiaries of the Schedule of Market Values,
EXCEPT
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LGU Treasurer
LGU Chief of Staff
Academe
LGU Assessor
 
Correct answer
LGU Chief of Staff
 
________ is a reference point from which the value of other similar properties is
measured or tested. To be consistent in determining the quality level of construction,
quality class benchmarks for class, age, type, of structure should be established. 
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Break-even Point
Azimuths and Bearings
Tie-line
Benchmark
 
 
It is the amount required to acquire a similar new asset having the nearest equivalent
utility as the property being appraised, taking into consideration the current prices of
materials, equipment, labor, contractor’s overhead, profit and fees, and all other cost
associated with its acquisition, installation and construction, but without provision for
overtime or bonuses for labor and premium of materials
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Indexing Technique
Reproduction Cost New Less Depreciation
 
Repricing Technique
Reproduction Cost New
Correct answer
Reproduction Cost New
 
The following factors are considered in estimating Reproduction Cost New of plant,
machinery and equipment, except
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Bonuses for labor and premium of materials
 
Brokerage, wharfage, arrastre, and heavy lifts
Cost of basic machine
Customs duties and taxes
 
A business, retailer, or site that draws business to a given location
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Crowd Drawers
Population Concentration
Traffic generators
 
High Density Population
 
The percentage of the total supply of units or space of a specific commercial type that
is vacant and available for occupancy at a particular point in time within a given
market
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Vacancy rate
 
Occupancy Rate
Attrition Rate
Rental Rate

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