6) Several techniques can be used to obtain an indication of value. The cost approach to valuation would most likely be used for which of the following properties?

a. One-family residential property.

b. Retail office space.

c. Education facility.

d. High-rise apartments.

e. Office buildings.

7) The adjustments in the Sales Comparison Approach fall into three broad categories, what are they

a. Externalities, Timing of Sale, Property Characteristics.

b. Building Costs, Timing of Sale, Property Characteristics.

c. Externalities, Building Costs, Property Characteristics.

d. Externalities, Timing of Sale, Interior Property Characteristics.

e. Externalities, Timing of Sale, Exterior Property Characteristics.

8) The Cap Rate represents

a. the rental rate for a building.

b. the relationship between the net operating income of a building and the market value of the building.

c. the relationship between the net operating income of a building and its price.

d. the relationship between property values and rental rates.

e. the market risk of a building.