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Appraisal Methods Quiz
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Appraisal Methods Quiz

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@WonOpal

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Questions and Answers

Which method of appraisal calculates the cost to duplicate existing improvements in today's dollars?

  • Market or Sales Comparison Method
  • Income Method
  • Cost Method (correct)
  • Appraisal Process

    • Which method of appraisal involves comparing the subject property with recently sold similar properties?

  • Appraisal Process
  • Income Method
  • Cost Method
  • Market or Sales Comparison Method (correct)

    • Which method of appraisal is based on the rental income derived from properties?

  • Cost Method
  • Market or Sales Comparison Method
  • Income Method (correct)
  • Appraisal Process

    • What is the definition of fair market value (FMV)?

    <p>The price of a product would sell for on the open market</p> Signup and view all the answers

    What is the process of determining the current or projected worth of an asset or the company itself called?

    <p>Valuation Process</p> Signup and view all the answers

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