The major weakness of the cost approach is:
A) determining the actual cost.
B) comparables may be hard to find.
C) cost does not necessarily equal value.
D) the situation in which no like properties have been sold in the last year.
Correct Answer:
Verified
Q5: The principle of value that states that
Q6: The principle of value that states that
Q7: The value that the end user places
Q8: In understanding the forces that shape value,
Q9: Appraisers provide which of the following services?
A)
Q11: A decline in value due to factors
Q12: As the capitalization rate goes up, the
Q13: In making an appraisal, the appraiser uses
Q14: The method of determining a capitalization rate
Q15: The principle of highest and best use
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