QUESTION 1 The valuation method most commonly used by appraisers is the DCF approach since it is the most objective approach. O True O False QUESTION 2 Doing a cash out refinance on an investment property will always boost IRR because it returns BTER earlier in the hold period O True False QUESTION 3 A real estate development which will involve renting units as opposed to selling units, must consider what costs which they would not have to consider if they were to sell the units? O a. Loan application fees and origination points b. Higher required equity from banks O c. Foreign Exchange costs O d. Maintenance costs