Examination paper 20.

1.

The assessed value is the valuation placed on a property by a public tax assessor for the

purposes of taxation.

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2.

In today's real estate market sellers are looking at their market values to help them

determine the additional listing price.

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3.

Because of the excess values had not been changed yet in many municipalities, they are

significantly higher, than what a buyer is willing to pay for the home.

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4.

You should ask the professional real estate agent to figure out what the assessed-to- sale

price ratio is in your local buyer’s market.

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5.

Assessed-to-sale price ratio is figured by dividing the sold-price by the assessed value.

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6.

Most areas are selling of about eighty to ninety percent of their assessed values currently

stated on their tax bill.

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7.

Making the correct adjustments won’t give your home the best chance of selling at the

highest possible price.

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1.

Who places the valuation on a property for the purposes of taxation?

a) a buyer

b) a public tax assessor

c) a home-owner

d) a real estate agent

2.

Are the the excess values higher, than what a buyer is willing to pay for the home?

a) about the same

b) significantly lower

c) significantly higher

d) neither higher nor lower

3.

What task does the professional real estate agent accomplish to figure out the assessed-

to-sale price ratio in your local municipality?

a) speaks to a municipality clerk

b) tells the true market value of your home

c) divides the assessed value by the sold-price

d) search the previously sold homes in your area

4.

What will the assessed-to-sale price ratio give you?

a) the accurate idea of what homes they are selling in your area

b) the percent of your home’s assessed values

c) the price of your property

d) the availability of mortgage money

5.

Where is pricing a home very challenging and somewhat difficult to figure out?

a) in taxation

b) in today's real estate market

c) in a buyer's market

d) in a seller's market

6.

Who states the assessed values?

a) the professional real estate agent

b) a municipality

c) a buyer

d) a public tax assessor

7.

In what case will you get the chance of selling your home at the highest possible price?

a) getting a tax bill

b) knowing tools needed to price the home

c) making sure that the adjustments are correct

d) pricing your home

SCORE:

MARK: