A broker is developing an opinion of value by starting with the value of the land, adding
Fantastic news! We've Found the answer you've been seeking!
Question:
A broker is developing an opinion of value by starting with the value of the land, adding the price to construct the improvements, and then subtracting the amount of accrued depreciation. He is estimating the property value using the:
1. cost approach
2. income approach
3. gross rent multiplier
4. market comparison approach
Related Book For
Fundamentals of Corporate Finance
ISBN: 978-0133400694
1st canadian edition
Authors: Jonathan Berk, Peter DeMarzo, Jarrad Harford, David A. Stangeland, Andras Marosi
Posted Date: