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Questions and Answers
Which method of appraisal calculates the cost to duplicate existing improvements in today's dollars?
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?
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?
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)?
What is the definition of fair market value (FMV)?
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What is the process of determining the current or projected worth of an asset or the company itself called?
What is the process of determining the current or projected worth of an asset or the company itself called?
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