Question: Question 2 5 pts Which approach to value generally estimates the highest value, and is least likely to be relied on by the appraiser when

Question

2

5

pts

Which approach to value generally estimates the highest value, and is least likely to be relied on by the appraiser when estimating value of an older income producing property?

Cost approach

Income approach

Market data approach

None of the above. Rules require the appraiser to use all three approaches and average them to arrive at a final valuation estimate

5

pts

Question 2 5 pts Which approach to value

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock blur-text-image

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related Finance Questions!

question 6 Question 1 5 pts USPAP regulations state an appraiser must estimate the value of an income producing property based on approaches to value. One TWO Three No specific number of approaches...

question 10 Question 1 5 pts USPAP regulations state an appraiser must estimate the value of an income producing property based on approaches to value. One Two Three No specific number of approaches...

1 1 pts A real estate investment is available at an initial cash outlay of $10,000 and is expected to yield cash flows of $3,343.81 per year for 5 years. The internal rate of return is approximately:...

The corporate cost of capital is the return that the business could earn by investing in alternative investments (e.g., stocks and bonds) that have the same risk its own real assets have. True False...

Problem Statement Increase the uptake of plant-based meat alternatives to reduce meat consumption among meat-eaters in India . India as a market is on an upward trajectory in terms of meat...

Part I. (5 questions; 1 or 2 points each; True/False Questions) Decide whether each of the following statements is true or false. If false, change the incorrect parts to make them true. DO NOT NEGATE...

Flag question: Question 1 Question 1 1 pts A client wants to reduce the property's hazard insurance coverage substantially, in order to save money on the premiums. If the property manager tries to...

Hello, This is the Fina 210 Course about Real estate. Could you help me to solve this problem and show me a solution? because i want to know how to solve this type of question in exam. Thank you! ps:...

Please help with the discussion below: ** Each of the 3 questions below only need to beabout two-threepara graphs but packed full of information, no fluff. **Attached below are a few readings from...

Researching changing consumer needs and desires for airline travel is a key aspect of American Airlines' business plan. Which of the following HR planning activities BEST supports this practice?...

Paul is in the 15% marginal tax bracket, and Betty is in the 35% marginal tax bracket. They each pay $6,300 in health insurance premiums for themselves and their families. Their employer has offered...

A 1.8-liter, three-cylinder SI engine produces brake power at 42 kW at 4500 rpm, with a compression ratio r = 10.1 and bore and stroke related by s = 0.85 b. Connecting-rod length is 16.4 cm. Maximum...

which of the following is not true with regard to corporations? a ) corporations do not receive preferential rates on capital gains

Describe how total variable costs and unit variable costs behave with changes in the level of activity. If fixed costs increase, what would be the impact on the contribution margin and income from...