REAL 4000 Test 3 PArt 2

Market Value

Uniform Standards of Professional Appraisal Practice (USPAP)

Sales Comparison Approach

Cost Approach

Net Operating Income (NOI)

Operating Expenses

Capital Expenditures

Capitalization Rate

Margin

Teaser Rate

Acceleration Clause

Default

Short Sale

Deed in Lieu of Foreclosure

Foreclosure

Equity of Redemption

Statutory Right of Redemption

Deficiency Judgement

Judicial Foreclosure

Conforming Loan

National Housing Act of 1949

Financial Intermediaries

Commercial Banks

Mortgage Banker

Mortgage Broker

Fannie Mae

Freddie Mac

Market Value

Uniform Standards of Professional Appraisal Practice (USPAP)

Sales Comparison Approach

Cost Approach

Net Operating Income (NOI)

Operating Expenses

Capital Expenditures

Capitalization Rate

Margin

Teaser Rate

Acceleration Clause

Default

Short Sale

Deed in Lieu of Foreclosure

Foreclosure

Equity of Redemption

Statutory Right of Redemption

Deficiency Judgement

Judicial Foreclosure

Conforming Loan

National Housing Act of 1949

Financial Intermediaries

Commercial Banks

Mortgage Banker

Mortgage Broker

Fannie Mae

Freddie Mac