Question: 1)What are the steps in the Valuation Process ? List the steps with short definition (one sentence or bullets) of each step listed. (There are

1)What are the steps in the Valuation Process? List the steps with short definition (one sentence or bullets) of each step listed. (There are 8 steps.)

2)What is fair market value? Give me the definition and an at least two conditions or assumptions that must be true to be considered market value

3)Is the real estate market efficient? Explain using at least three statements/examples.

4)Macro-level data relates to the four forces that effect real property value. What are the four forces? List and define

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What are the steps in the Valuation Process ? List the steps with short definition (one sentence or bullets) of each step listed. (There are 8 steps.)

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