2. “Real Estate Principles for the New Economy”: Norman G. Miller and David M. Geltner Real Estate QUIZMASTER 100 200 300 400 500 DefinitionsAnalyticalNumerical Site Assessment Acronyms

3. “Real Estate Principles for the New Economy”: Norman G. Miller and David M. Geltner Real Estate QUIZMASTER 100 200 300 400 500 DefinitionsAnalyticalNumerical Site Assessment Acronyms

4. “Real Estate Principles for the New Economy”: Norman G. Miller and David M. Geltner Definitions for 100 This statement initially included an assessment of the ecological impact of proposed development and now must also include archeological impacts

5. “Real Estate Principles for the New Economy”: Norman G. Miller and David M. Geltner Definitions for 200 The regulation of permitted land uses, as well as minimum or maximum structures upon geographically defined contiguous districts

6. “Real Estate Principles for the New Economy”: Norman G. Miller and David M. Geltner Definitions for 300 The personal residence reduction in assessed value for the purpose of determining property taxes

7. “Real Estate Principles for the New Economy”: Norman G. Miller and David M. Geltner Definitions for 400 The rate by which the net assessed value of a property is multiplied to yield the ___________ due is called the Millage Rate

8. “Real Estate Principles for the New Economy”: Norman G. Miller and David M. Geltner DAILY DOUBLE

9. “Real Estate Principles for the New Economy”: Norman G. Miller and David M. Geltner Daily Double Definitions for 500 A series of standards and specifications designed to establish minimum safeguards in the erection and constrn. of buildings

10. “Real Estate Principles for the New Economy”: Norman G. Miller and David M. Geltner Analytical for 100 One of the primary rationales for government interference in the real estate market is that markets are _______

11. “Real Estate Principles for the New Economy”: Norman G. Miller and David M. Geltner Analytical for 200 Historic structure rehab did not occur in spite of providing tax credits primarily because of ______

12. “Real Estate Principles for the New Economy”: Norman G. Miller and David M. Geltner The original economic purpose of zoning was to minimize _________ Analytical for 300

13. “Real Estate Principles for the New Economy”: Norman G. Miller and David M. Geltner The largest local expenditure supported by property tax is for __________ Analytical for 400

14. “Real Estate Principles for the New Economy”: Norman G. Miller and David M. Geltner Analytical for 500 The result of the mismatch which occurs when the beneficiaries of local public _______ do not always incur the cost of supporting the public services, is called Fiscal Redistribution

15. “Real Estate Principles for the New Economy”: Norman G. Miller and David M. Geltner T I F Acronyms for 100

16. “Real Estate Principles for the New Economy”: Norman G. Miller and David M. Geltner Acronyms for 200 N E P A

17. “Real Estate Principles for the New Economy”: Norman G. Miller and David M. Geltner A D A Acronyms for 300

18. “Real Estate Principles for the New Economy”: Norman G. Miller and David M. Geltner Acronyms for 400 N I M B Y

19. “Real Estate Principles for the New Economy”: Norman G. Miller and David M. Geltner C E R C L A Acronyms for 500

20. “Real Estate Principles for the New Economy”: Norman G. Miller and David M. Geltner Numerical for 100 1 mill equals ____% of assessed value

21. “Real Estate Principles for the New Economy”: Norman G. Miller and David M. Geltner Numerical for 200 If the assessment ratio is 35% for personal residences, then the assessed value of a house with appraised market value of $200,000 is _________

22. “Real Estate Principles for the New Economy”: Norman G. Miller and David M. Geltner Numerical for 300 If the millage rate of the city, county and schools are 0.005, 0.010 and 0.015 respectively, then the total millage rate is

23. “Real Estate Principles for the New Economy”: Norman G. Miller and David M. Geltner Numerical for 400 If the assessed value of a property is $100,000 and the Total Millage Rate is 0.040, then the property taxes due each year will be _________

24. “Real Estate Principles for the New Economy”: Norman G. Miller and David M. Geltner Numerical for 500 If the actual Property Taxes due are $10,000, and the appraised market value of the property is $700,000, then the Effective Property Tax Rate = ______%

25. “Real Estate Principles for the New Economy”: Norman G. Miller and David M. Geltner Site Assessment for 100 As a result of CERCLA, there are ____ defined stages of reports and actions

26. “Real Estate Principles for the New Economy”: Norman G. Miller and David M. Geltner Site Assessment for 200 The purpose of a ____ report is to test and verify the extent of actual contamination

27. “Real Estate Principles for the New Economy”: Norman G. Miller and David M. Geltner Site Assessment for 300 The purpose of a ______ report is to determine whether there is evidence of past or current environmental problems on the subject site

28. “Real Estate Principles for the New Economy”: Norman G. Miller and David M. Geltner Site Assessment for 400 A _______ study is an actual action plan that usually includes remedial cleanup efforts

29. “Real Estate Principles for the New Economy”: Norman G. Miller and David M. Geltner Site Assessment for 500 A _______ report is now required by all commercial mortgage lenders prior to approving financing