[{"data":1,"prerenderedAt":71},["ShallowReactive",2],{"q-house-114-1-appraisal-020":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-020","house-114-1-appraisal-020",114,1,20,"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？",{"A":17,"B":18,"C":19,"D":20},"流通性","風險性","增值性","管理難度","C",null,"本題考點：以風險溢酬法決定收益資本化率時，流通性、風險性、增值性、管理難易度四項特性各自的作用方向。\n【正解理由】依《不動產估價技術規則》第 43 條第一款，風險溢酬法之收益資本化率或折現率，應考慮銀行定期存款利率、政府公債利率、不動產投資之風險性、貨幣變動狀況及不動產價格之變動趨勢等因素，選擇最具一般性財貨之投資報酬率為基準，比較觀察該投資財貨與勘估標的個別特性之差異，並就流通性、風險性、增值性及管理上之難易程度等因素加以比較決定之。題幹所列低流通、高風險、管理較難三項，都使投資人要求更高的報酬，屬基準報酬率之上的加項；唯有增值性反向作用——標的未來價格上漲的空間愈大，投資人可由增值取得報酬，對當期淨收益的要求報酬率隨之下降，收益資本化率因而降低，故選 C。\n【逐項排除】\n(A) 錯誤。本項在題幹係以不動產低流通之特性呈現，變現愈困難，所須補償的風險溢酬愈多，收益資本化率愈高，作用方向與增值性相反。\n(B) 錯誤。風險性愈高，投資人要求的報酬愈高，收益資本化率隨之提高，屬同向變動。\n(C) 正確。增值性是四項特性中唯一的減項，與收益資本化率呈反向變動。\n(D) 錯誤。管理難度愈高，經營所需投入與不確定性愈大，收益資本化率隨之提高，亦屬同向變動。\n【記憶點】三加一減：低流通、高風險、難管理往上加，高增值往下扣。",true,[26,30,34,38,42,46],{"webId":27,"stem":28,"number":29,"year":12,"session":13},"house-114-1-appraisal-019","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？",19,{"webId":31,"stem":32,"number":33,"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":35,"stem":36,"number":37,"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":39,"stem":40,"number":41,"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,{"webId":43,"stem":44,"number":45,"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":47,"stem":48,"number":49,"year":12,"session":13},"house-114-1-appraisal-023","依不動產估價技術規則第 32 條之規定，若期末處分價值已知，以折現現金流量分析法計入該價值時，應採取那一種資本化率？",23,[51,55,59,63,67],{"webId":52,"year":53,"stem":54,"number":14},"house-113-1-appraisal-020",113,"某公寓因為隔壁基地正在興建危老建案造成外牆龜裂現象，此現象屬於那一種折舊類型？",{"webId":56,"year":57,"stem":58,"number":14},"house-112-1-appraisal-020",112,"下列何者不屬於土地建築開發之間接成本項目？",{"webId":60,"year":61,"stem":62,"number":14},"house-111-1-appraisal-020",111,"某高鐵站周圍地區的新建住宅大樓平均成交價格，由三年前每坪 35 萬元上漲到現今每坪接近 50 萬元，此現象可以不動產估價中那一原則加以解釋？",{"webId":64,"year":65,"stem":66,"number":14},"house-110-1-appraisal-020",110,"某房地之淨收益 100 萬元\u002F年，其中建物淨收益 60 萬元\u002F年。假設土地、建物之收益資本化率分別為 2%、4%，請問土地收益價格為？",{"webId":68,"year":69,"stem":70,"number":14},"house-109-1-appraisal-020",109,"內政部近年積極試辦電腦輔助大量估價(CAMA)，於應用計量模型分析法應符合之條件，下列敘述何者錯誤？",1786689128893]