Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

It may be appropriate for a real estate professional to utilize different approaches for estimating the market value of a property depending upon property type

It may be appropriate for a real estate professional to utilize different approaches for estimating the market value of a property depending upon property type and use. Which of the following approaches would be most applicable when considering the valuation of a small strip retail center (i.e., which approach would receive the most weight in the valuation process)?

A. Sales comparison approach

B. Income approach

C. There is no most applicable approach

D. Cost approach

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Students also viewed these Finance questions