Answer:-
Arms length transactions are commonly used in real estate deals because the sale affects not only those directly involved in the deal but other parties as well , including lenders.
The seller would want a price that's as high as possible, and the buyers would want a price that is a low as possible.
Describe the importance of an arm's length transaction when assessing the value of a property by...
Which method is most preferred, the current market conditions, arm's length transaction or estimated price. please explain in detail which is most preferred and why.
Question 4 An arm's length transaction, that would be reflected in consolidated financial statements would include a) a loan to the company president of the subsidiary b) the purchase of material from an oversees supplier c) the sale of no longer needed fixed assets to the subsidiary
Describe the Define, Measure, Analyze, Improve, and Control (DMAIC) problem-solving model and its importance in assessing KPIs.
1-How is the term "market value" used in real estate valuation? 2-. How is the term "investment value" used in real estate valuation? 3-How are transaction prices used in real estate valuation? 4- List the eight steps of the valuation process used in conformity with Uniform Standards of Professional Appriasal Practice. 5- Explain the importance of arm's-length transactions when selecting comparable sales data , give examples that do not qualify as such. NOTE: please write the answer in short
Property assessments. The data that follow show assessed value for property tax purposes (Y1 in thousand dollars) and sales price (Y2, in thousand dollars) for a sample of 15 parcels of land for industrial development sold recently in "arm's length" transactions in a tax district. Assume that bivariate normal model (2.74) is appropriate here. Plot the data in a scatter diagram. Does the bivariate normal model appear to be appropriate here? Discuss. Yi1 Yi2 13.9 28.6 16.0 34.7 10.3 21.0...
Why is Arms length transaction the most preferred when determing fair value? please explain im detail
In using the sales comparison approach to determine the current value of the subject property, it is important to recognize that general market conditions may have changed since a particular transaction occurred. Property A sold 22 months ago for $98,500 and Property B sold 20 months ago for $105,000. If the two properties are priced today at $108,000 and $113,500, respectively, assuming no compounding, what is the average monthly rate of change in sale prices that can be used to...
Describe the importance of cultural competency when advocating for public health programs in diverse populations.
Property assessments. The data that follow show assessed value for property tax purposes (Y1 in thousand dollars) and sales price (Y2, in thousand dollars) for a sample of 15 parcels of land for industrial development sold recently in "arm's length" transactions in a tax district. Assume that bivariate normal model (2.74) is appropriate here. i: Yi1 Yi2 1: 13.9 28.6 2: 16.0 34.7 3: 10.3 21.0 4: 11.8 25.5 5: 16.7 36.8 6: 12.5 24.0 7: 10.0 19.1 8:...
Describe the 4 requirements to become an expert in a particular field. Discuss the importance and value of expertise with reference to a museum