a. FRPTA
b. listing kit
c. military ordnance
d. defective furnace notice
e. home warranty
f. market value
g. market data approach
h. cost approach
i. net income approach
j. pending listing
1. ___ a packet of forms an agent provides to the seller when taking
a listing.
2. ___ protects buyer, for up to one year, from failure of built-in
appliances, as well as big ticket items like roofing, plumbing, and electrical.
3. ___ Foreign Investment in Real Property Act - requires sellers
to fill out a Seller’s Affidavit of Nonforeign Status and/or California
Withholding Exemption.
4. ___ land used for military training purposes that may contain explosive
munitions.
5. ___ calculates the current cost of replacing or reproducing the
improvement, less depreciation, then adds the value of the land, which
is never depreciated.
6. ___ also known as capitalization approach; capitalizes the net earnings
by an appropriate rate; useful only for income-producing properties.
7. ___ a property that is presently in escrow, so only the listing
(not selling) price is made available in a competitive market analysis.
8. ___ broker-generated form to limit liability for defective furnaces.
9. ___ refers to the amount of cash (or cash equivalent) that is most
likely to be paid for a property on a given date in a fair and reasonable
open market sale.
10. ___ value is indicated by recent sales of comparable properties
in the market; also known as the comparative approach.