Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Which of the following statement about sales comparison approach for property valuation is FALSE? The appraiser makes the adjustments based on their knowledge of current

image text in transcribed

Which of the following statement about sales comparison approach for property valuation is FALSE? The appraiser makes the adjustments based on their knowledge of current real estate market. The advantages of using sales comparison approach is that it is based on the actual market sales price rather than estimated numbers. The unit of comparison between subject property and comparables is the property price. The disadvantage of using sales comparison approach is that a truly comparable along different dimensions is difficult to find

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored 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

Recommended Textbook for

More Books

Students also viewed these Finance questions

Question

What is meant by 'Wealth Maximization ' ?

Answered: 1 week ago