Учебное пособие для студентов очной формы обучения направлений подготовки

5.1.
Answer the following questions. 
1. What are the three approaches to value? 
2. What is the recent trend in the methodology of appraisal? 
3. How does the choice of this or that approach depend on the building type? 
6. Say if the sentences concerning Texts from Ex. 3 and Ex. 5 are true or false.
 
1.
Most countries do not require appraisers to be licensed or certified. 
2.
Liquidation value is a commonly sought standard of value in bankruptcy proceedings. 
3.
The three approaches to value are dependent on each other. 
4.
The cost approach compares a property‘s characteristics with those of comparable 
properties that have recently sold in similar transactions. 
5.
Income approach is used when building skyscrapers and 
office-buildings. 
6.
The sales comparison approach is also called the market 
analysis approach. 

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6. Study, translate into Russian the following terms and match them with their definitions. 
Word 
Definition 
1. 
appraisal 
a.
to give smb. official permission to do, own, or use smth. 
2. 
transaction 
b.
a sum of money that is paid as bail. 
3. 
mortgage 
c.
a thing of value, especially property, that a person or company owns, which 
can be used or sold to pay debts. 
4. 
to license 
d.
a deal, a piece of business that is done between people, especially an act of 
buying or selling. 
5. 
income 
e.
the activity of buying and selling or of exchanging goods or services between 
people or countries. 
6. 
assets 
f.
any of the units of equal value into which a company is divided and sold to 
raise money. People who own this securities receive part of the company‘s 
profit.