9. Qualifying the Property T/F

The reproduction cost of a building is the cost of building an exact replica.

An appraiser should make adjustments for inflation or deflation when using a comparable that sold in a market with flat prices.

Wear and tear that reduces the value of a property is considered to be functional deterioration.

If an appraiser finds that it would cost $380,000 to construct an exact replica of the subject property, this is an example of replacement cost.

The gross income multiplier method is used primarily for appraising owner-occupied residences.

Peeling paint and warped siding on an older house are examples of physical deterioration in appraisal.

An appraiser multiplies the subject property's rent by the gross rent multiplier to find its value.

The gross income multiplier method is primarily appropriate when valuing a single-family residence used as a rental.

The process of analyzing value indicators from various appraisal methods to arrive at a final value estimate is known as interpolation.

The square foot method is a method commonly used in valuing properties.