North Carolina Real Estate Commission NC Real Estate Broker National NCREC-Broker-N Question # 17 Topic 2 Discussion

North Carolina Real Estate Commission NC Real Estate Broker National NCREC-Broker-N Question # 17 Topic 2 Discussion

NCREC-Broker-N Exam Topic 2 Question 17 Discussion:
Question #: 17
Topic #: 2

An appraiser who is appraising a duplex gathers the following information: rent, vacancy rate, mortgage loan payments, property taxes, the owner's income tax obligations, and various expenses. The appraiser also examines the same information from other similar properties in the area as well as their sales prices. To find the net operating income of the subject property, what does the appraiser need to consider?


A.

Owner's income tax obligations


B.

Mortgage payments of principal and interest


C.

Vacancy losses


D.

None of the operating expenses


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