Choose the one most appropriate answer for each.
-cost at today's prices of constructing an exact replica of the subject improvements using the same or similar methods
A) adjustments
B) appraisal
C) buyer's market
D) capitalize
E) comparables
F) cost approach
G) curable depreciation
H) depreciation
I) functional obsolescence
J) gross rent multiplier (GRM)
K) highest and best use
L) income approach
M) incurable depreciation
N) market approach
O) net operating income (NOI)
P) operating expenses
Q) physical deterioration
R) reproduction cost
S) scheduled gross income
T) subject property
Correct Answer:
Verified
Q59: _ are made for price changes since
Q60: Functional obsolescence results from factors outside the
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