400 Level Estate Management And Valuation Department exam questions and detailed answers. Download the answers in document format. Correct, detailed, and straightforward answers.
Questions:
a) Explain how virtual rent, cost in use, and present value are allied terms.
b) As a developer handling a mini residential estate, you have the option to:
– Adopt a contracting system, paying 40% of an agreed N50 million immediately, with the remainder paid in two equal installments after 6 weeks and 3 months respectively; or
– Employ a direct labour approach by paying end-week wages.
