BUSINESS ADMINISTRATION
BUSINESS MATHEMATICS
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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market value
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replacement value
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assessed value
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mortgage loan
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Detailed explanation-1: -Fair market value is the price agreed upon by both the parties-the buyer and seller.
Detailed explanation-2: -Market value is the price that a property would sell for on the open market, factoring in a realistic amount for expenses such as brokers’ fees. Market price is the amount an individual is willing to pay for a property.
Detailed explanation-3: -Is market price the same as selling price? In a nutshell, the answer is no. The selling price is the price for which someone actually buys your home. It’s important to understand that if your market price is inaccurate, you’re unlikely to sell your property quickly or easily.
Detailed explanation-4: -Market value (also known as OMV, or “open market valuation") is the price an asset would fetch in the marketplace, or the value that the investment community gives to a particular equity or business.
Detailed explanation-5: -Market value is the actual value of the property in the current market. The market price is what a buyer wishes to pay for the same.