Multiple Choice
It may be appropriate for a real estate professional to utilize different approaches for estimating the market value of a property depending upon the particular property type and use.Which of the following approaches would be most appropriate when considering the valuation of retail office space?
A) Income approach
B) Sales comparison approach
C) Cost approach
D) Investment approach
Correct Answer:
Verified
Correct Answer:
Verified
Q2: The sequence of adjustments to the transaction
Q3: Favorable mortgage financing may have a significant
Q5: Adjustments for physical characteristics are intended to
Q9: Several techniques can be used to obtain
Q11: Real estate professionals have long supported strict
Q16: The cost approach to valuation assumes the
Q21: A comparable property sold 15 months ago
Q23: While it is often sufficient to rely
Q25: In real estate markets, a transaction occurs
Q29: In using transaction data to determine the