Rule of thumb approaches are not allowed to be used in hotel appraisals.

Name: Rule of thumb approaches are not allowed to be used in hotel appraisals.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Rule of thumb approaches, which use general guidelines or simplified methods, can be used in hotel appraisals as part of the overall valuation process, especially for preliminary estimates or when detailed data is not available. However, they are not a substitute for detailed, comprehensive valuation methods.

Rule of Thumb Approaches Are Not Allowed to Be Used