David Saks: January 2010

David Saks - Real Estate Broker - The Real Estate Mart of Tennessee, Inc. - 4040 North Watkins-Suite #4 - Memphis, Tennessee 38127 - Phone (901) 357-4663

Real Estate Practice : Lesson 484


When an appraiser is using an income approach to value mortgage payments are generally figured in as part of the property's operating expenses.

Is this fact true or false ?

Please take your time. The solution is posted below the wildlife photo.


A. False

Mortgage payments are not considered to be operating expenses by the appraiser when using the income approach to value.

Mortgage payments are the property's existing debt service.



David Saks

Time&Temp Memphis

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Comment balloon 0 commentsDavid Saks • January 04 2010 11:57AM
Real Estate Practice : Lesson 484
#484 When an appraiser is using an income approach to value mortgage payments are generally figured in as part of the property's operating expenses. Is this fact true or false.. more
Real Estate Practice : Lesson 483
#483 When an appraiser considers the early phases of a property's life cycle they're referring to the phase which is commonly referred to as the phase of appreciation. Is this fact… more
Real Estate Practice : Lesson 482
#482 When we speak of the highest and best use of a property we're generally speaking of the best way that a property could benefit the community and satisfy the needs of the… more
Real Estate Practice : Lesson 481
#481 The Uniform Standards of Professional Appraisal Practice endorse the use of letter reports when communicating with a client. Is this fact true or false Remember to… more
Real Estate Practice : Lesson 480
#480 Appraisals are performed so that the seller and the broker can determine a fair sales price for the property. Is this true or false Take your time. the solution is… more
Real Estate Practice : Lesson 479
#479 When a comparative market analysis is prepared it uses an approach much like the method used in the income approach to appraisal. Is this fact true or false Take your… more
Real Estate Practice : Lesson 478
#478 An appraisal is generally considerd to be based on value according to a specific calendar and time element imposed on the various factors involved in estimating value. Is this true… more
Real Estate Practice : Lesson 477
#477 A house had been appraised for the loan at $516, 000 and the sales price is $510, 000. The loan-to-value ratio is 85%. What is the eligible amount of the loan based on this… more
Real Estate Practice : Lesson 476
#476 If a lender wants to produce a better yield on a loan the lender may increase the loan amount by 3% which will be paid at the closing table as a charge known as an origination fee … more
Real Estate Practice : Lesson 475
#475 When we talk about an adjustable rate mortgaqge we're talking about a loan that is adjusted in a way to increase and decrease the amount but the payment always remains the same. … more