Term
| What are the keystrokes to solve for the SFF |
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Definition
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Term
| What are the keystrokes for the Present Value of One |
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Definition
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Term
| What are the keystrokes to solve for the Future value of one per period |
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Definition
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Term
| What are the keystrokes to solve for the Present value of one per period |
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Definition
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Term
| What are the keystrokes to solve for the Amount to ammortize 1 |
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Definition
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Term
| What are the keystrokes for the Future Value of One |
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Definition
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Term
| What is the five number summary |
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Definition
1) Lowest #
2) Q1
3) Median
4) Q3
5) highest # |
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Term
| How do you calculate the income required to buy a home? |
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Definition
1) price*(1-downpayment)
2) Solve Pmt (monthly)
3) Annualize (x12)
4) x % income Allowed
equals annual income needed |
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Term
| How do you solve for the MIRR? |
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Definition
1) solve for NPV w/o CFo at reinvestment rate
2) enter N, Solve for FV
3) Enter initial invest $ as PV
4) Solve for i... (yield) |
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Term
| List 4 formula's for calculating the Ro using Multipliers |
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Definition
| 1/NIM; NIR/EGIM; NIR/GIM; 1-OER/GIM |
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Term
| What is the formula for Q3 |
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Definition
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Term
| What are the tests for a normally distributed data set? |
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Definition
99% = +- 3 SD
95% = +- 2 SD
68% = +- 1 SD
Mean = Median |
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Term
| How do you calculate load factor |
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Definition
| Common Area/ Useable area |
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Term
| How do you calculate feasibility rent? |
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Definition
Cost
*Ro
+ Fixed expenses
/ 1-OER
/Vac
/SQ FT |
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Term
| What are three formulas to calculate Io |
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Definition
| DCR*Im ; DCR*DS ; NIR*EGI |
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Term
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Definition
| Effective Gross Income Multiplier: Vo/EGI; Price/EGI; PGIM/1-Vac; NIM*NIR |
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Term
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Definition
| Effective Gross Income, can be found by Io/NIR or Expenses/OER |
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Term
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Definition
| Gross Income Multiplier Sale Price/gross income |
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Term
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Definition
| Gross Rent Multiplier, calculated by Value/gross rent |
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Term
| What is the MIRR always between (rates) |
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Definition
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Term
| What are 3 formulas to calculate Debt Service |
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Definition
| Io/DCR ; Vm*Rm and Loan amt * Rate |
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Term
| What is the formula for Q2 |
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Definition
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Term
| How do you solve for Effective Annual Yield |
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Definition
N= given
i=given
PV=-1
Solve FV and subtract 1 |
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Term
| What is the formula for DCR |
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Definition
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Term
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Definition
| Net Income Multiplier or the inverse of the cap rate 1/R where R is I/V. Also it is NIM=F |
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Term
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Definition
| Net Income Ratio, NOI/EGI also equals 1-OER and NIR=Ro*EGIM |
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Term
| When the P value is less than 5% is the distribution normal? |
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Definition
| No, 5 or less is not normal, anything else is normal |
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Term
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Definition
| Operating Expense Ratio, TOE/EGI. Total Operating Expenses/Effective Gross Income 1-NIR |
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Term
| What is the order of a reconstructed income statement |
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Definition
PGI (rent * SF)
-Vac
= EGI
-Expenses
=NOI |
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Term
| What are the Property Model formula's to solve for the change in Value |
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Definition
Perp: Delta=0
Level: 3 answers: [image]=Y-R/SFF ; (1+CR)raised to N-1 ; FV-PV/PV
CR:CR = Y-R or CR =(1+delta) raised to the 1/n - 1 where the delta is FV-PV/PV |
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Term
| What are the three formula's for the property model when you are solving for R? |
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Definition
Perp: R=Y
Level: R=Y-[image]*SFF
CR: R=Y-CR |
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Term
| What are the three formula's for the property model when you are solving for Y? |
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Definition
Perp: Y=R
Level: Y=R+[image]*SFF
CR:Y=R+CR |
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Term
| What are the three Premises for the Property Model Formula? |
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Definition
| Perpetuity, Level income and Same CR for income and value. |
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Term
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Definition
| Potential Gross Income Multiplier, can be found by Vo/PGI or [EGIM*(1-Vac)] |
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Term
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Definition
| Potential Gross Income; Vo/PGIM |
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Term
| Rate when income and value are expected to change at a constant rate |
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Definition
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Term
| Ro for income is expected to change at a constant rate |
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Definition
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Term
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Definition
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Term
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Definition
| Rate of return on something invested (aka: interest rate, risk rate, Internal Rate of Return, discount rate |
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Term
| What is the symbol for the Mortgage constant, what is the formula for it and how can it be found on a loan |
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Definition
| Rm: DS/mortgage principal : DS needed to amortize $1 using terms of the loan |
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Term
| What is the Underwriter's Method formula? |
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Definition
| Ro= M*Rm*DCR or DCR=Ro/M*Rm |
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Term
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Definition
| The amount or degree of something, pay per hour, miles per hour. This compares different units, time/distance, or dollars/time |
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Term
| What is variance? and the formula for it using population? |
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Definition
| The average of the squared differences from the mean... how spread out is the data. [image]=(X1- [image]) / N |
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Term
| List the three formula's for Loan to Value |
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Definition
| Vm=Vo*M ; M=Vm/Vo or Vo=Vm/M |
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Term
| What is the formula for Value overall given, NIBT, ETR and Ro |
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Definition
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Term
| What is the band of Investment Formula for L&B and M&E and the formula for Ro in both scenarios |
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Definition
Vo=Vl + Vb or Vo=Ve+Vm
Ro=L*Rl + B*Rb
Ro= M*Rm + (1-M)*Re |
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Term
| What are the relative risks associated with the economic components of a property |
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Definition
| Yinc = Yo = Yreversion; however some investors feel the reversion has the greatest risk since it is farthest in the future, thus Yincome < Y0 |
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Term
| What are the relative risks associated with the components of a property |
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Definition
| Yland=Yoverall=Ybuilding- investors rarely assign a different risk rate to land and building |
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Term
| What are the relative risks associated with the legal components of a property |
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Definition
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Term
| What are the relationships when there is positive leverage based on Yeilds |
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Definition
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Term
| What are the positive yield relationships for mortgage/equity; leased fee/leased hold; and income/reversion |
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Definition
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Term
| What is the lender's yield? |
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Definition
| Ym or the interest rate as long as there are no points or other charges that increase the yield to the lender |
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Term
| What are the relative risks associated with the financial components of a property |
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Definition
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Term
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Definition
| a fixed relation in degree, between two things, Proportion- this compares two of the same unit, time/time or Dollar/dollar |
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Term
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Definition
| a fraction used to express the relationship that exists between the income and value of something |
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Term
| What is the standard deviation? |
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Definition
| it is a measure of how spread out the data is from the mean. It is calculated by taking the square root of the Variance. |
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Term
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Definition
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Term
| What is the correlation coefficient? and its symbpl |
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Definition
| r=Correlation Coefficient, measures the strength and direction of a linear relationship between two variables. can be between -1 and 1, higher the better |
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Term
| What are the terms that can be used for the Yo |
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Definition
| risk rate, return on rate, internal rate of return, interest rate, equity yield rate and discount rate. |
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Term
| What is the formula for the volume of a cylindar |
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Definition
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Term
| What is the formula for the circumference of a circle |
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Definition
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Term
| What is the formula for the Stand. Dev. using the population? |
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Definition
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Term
| What is the formula for the area of a Cylinder |
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Definition
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Term
| What is the Coefficient of Determination and its symbol? |
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Definition
| [image]. it is the percent of the data that is the closest to the line of best fit. For example, if r = 0.922, then r 2 = 0.850, which means that 85% of the total variation in y can be explained by the linear relationship between x and y |
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Term
| What is the formula for variance using a sample set of data |
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Definition
| [image] = (X1-[image][image] /n-1 |
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Term
| What is the formula for the Stand Dev using a sample |
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Definition
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Term
| What is the formula for the area of a triangle |
|
Definition
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Term
| What is the formula to calculate the area of a circle? |
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Definition
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