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Which of the following is an example of a loss in value to the subject due to functional obsolescence?

In a soft market, a landlord accepted a new tenant with a 60-month lease at $5,000 per month but have the new tenant six months of free rent.  Using the average rent method, what is the effective monthly rent?

Direct costs are

The final opinion of value must be

Appraisers who use residential real estate appraisal forms

The subject property is selling for $455,000, and the seller is paying $15,000 in financing concessions.  Which of the following statements is correct?

A tenant has a lease that states the base rent is $5,000 per month plus 3% of the sales above $50,000 in gross sales per month.  The tenant’s sales last year were $850,000.  How much rent was paid last year?

What resale price is necessary to achieve a yield rate of 11% on the investment, given the following information:  Sale price = $150,000; Net Operating Income (level) = $7,000; Projection Period = 5 years.

In a gross lease, who pays the utility costs?

The subject property has a potential gross income (PGI) of $100,000, a vacancy and collection loss of 7%, fixed expenses of $35,000, variable expenses of $25,000, and reserves for replacement of $7,000.  Recent sales of very similar properties in this market suggest that a capitalization rate of 12.0% is appropriate.  The capitalization rates were extracted from sales in which the prices was divided into the estimate of net operating income from the broker without reserves.  What is the market value of the subject property?