[{"data":1,"prerenderedAt":71},["ShallowReactive",2],{"q-house-114-1-appraisal-019":3},{"subject":4,"subjectSlug":5,"subjectKicker":6,"subjectShort":7,"subjectMcqNote":8,"question":9,"related":25,"sameNumber":50,"hasEssay":24},"不動產估價概要","appraisal","不動產估價 · Appraisal","不動產估價","105–106 年 40 題(每題 1.25 分)、107 年起 25 題(每題 2 分)",{"id":10,"webId":11,"year":12,"session":13,"subject":4,"number":14,"stem":15,"options":16,"answer":21,"answerNote":22,"lawYear":12,"explanation":23,"freq":13,"indexable":24},"house-114-1-不動產估價概要-019","house-114-1-appraisal-019",114,1,19,"收益法中對於收益的資本化可採收益資本化率或折現率，下列對於兩者數值高低關係之敘述何者正確？",{"A":17,"B":18,"C":19,"D":20},"收益資本化率高於折現率","收益資本化率低於折現率","收益資本化率等於折現率","不一定","D",null,"本題考點：收益資本化率與折現率各自的適用場合，以及規則有無規定兩者的高低關係。\n【正解理由】依《不動產估價技術規則》第 29 條，直接資本化法指以勘估標的未來平均一年期間之客觀淨收益，應用價格日期當時適當之收益資本化率推算勘估標的價格；《不動產估價技術規則》第 31 條第一項的折現現金流量分析法，則以分析期間各期淨收益及期末價值，以適當折現率折現後加總推算價格。至於兩者如何決定，《不動產估價技術規則》第 43 條把收益資本化率或折現率並列，規定應於風險溢酬法、市場萃取法、加權平均資金成本法、債務保障比率法、有效總收入乘數法等各款方法中，綜合評估最適宜之方法決定，並未就兩者數值高低訂立任何關係，高低取決於個案所選方法與參數，故選 D。\n【逐項排除】\n(A) 錯誤。收益資本化率高於折現率只是特定參數組合下的結果，《不動產估價技術規則》第 43 條並未作此規定。\n(B) 錯誤。收益資本化率低於折現率同樣只是可能情形之一，不能寫成通則。\n(C) 錯誤。兩者數值相等亦屬可能，例如各期淨收益穩定且無成長預期時；但這仍是個案結果而非規則所定之必然。\n(D) 正確。兩率同受《不動產估價技術規則》第 43 條所列五種方法拘束，規則只規範如何決定，未規範孰高孰低，故答不一定。\n【記憶點】兩率同源不同用：規則只管怎麼決定，不管誰高誰低。",true,[26,30,34,38,42,46],{"webId":27,"stem":28,"number":29,"year":12,"session":13},"house-114-1-appraisal-018","勘估標的營造或施工費之求取得採直接法或間接法，下列各方法中何者相對精細？",18,{"webId":31,"stem":32,"number":33,"year":12,"session":13},"house-114-1-appraisal-020","不動產相對一般性財貨具低流通、高風險、高增值及管理較難等特性；於採風險溢酬法決定收益資本化率時，上述特性中何者與收益資本化率高低呈反向變動？",20,{"webId":35,"stem":36,"number":37,"year":12,"session":13},"house-114-1-appraisal-017","不動產估價報告書中應註明價格日期與勘查日期，就時間發生的先後下列敘述何者正確？",17,{"webId":39,"stem":40,"number":41,"year":12,"session":13},"house-114-1-appraisal-021","以直接資本化法對同一不動產之土地、建物及不動產分別評估其價值，則三者之收益資本化率數值何者最高？",21,{"webId":43,"stem":44,"number":45,"year":12,"session":13},"house-114-1-appraisal-016","評估臺南孔廟的現值，依不動產估價技術規則之規定，其價格種類為下列何者？",16,{"webId":47,"stem":48,"number":49,"year":12,"session":13},"house-114-1-appraisal-022","依不動產估價技術規則第 130 條之規定，不動產租金估計以估計勘估標的之何種租金為原則？",22,[51,55,59,63,67],{"webId":52,"year":53,"stem":54,"number":14},"house-113-1-appraisal-019",113,"A 把忠孝東路五段鄰近市政府的店面出租給一間連鎖咖啡店，每月租金 100,000 元，押金 2 個月，假設年利率 2.5%，約定每年管理費 120,000 元由咖啡店支付，請問其一年支付之實質租金為多少元？",{"webId":56,"year":57,"stem":58,"number":14},"house-112-1-appraisal-019",112,"在宗地估價中，公共設施用地及公共設施保留地之估價，以下列那一種方法估價為原則？",{"webId":60,"year":61,"stem":62,"number":14},"house-111-1-appraisal-019",111,"以收益法估價時，對於客觀淨收益的計算應以何種情形為計算基準？",{"webId":64,"year":65,"stem":66,"number":14},"house-110-1-appraisal-019",110,"勘估標的若為未完工之建物，應依何種方式估價？",{"webId":68,"year":69,"stem":70,"number":14},"house-109-1-appraisal-019",109,"依據不動產估價技術規則規定，試算價格之調整運算過程中，情況、價格日期、區域因素及個別因素等調整的總調整率大於多少幅度時，判定該比較標的與勘估標的差異過大，應排除該比較標的之適用？",1786689128887]