medium · National Real Estate Exam valuation
In the final step of the appraisal process, an appraiser must reconcile the values indicated by the three approaches.
If the subject is an older, income-producing duplex in a neighborhood with many recent similar sales, which approach should typically receive the most weight?
- The Sales Comparison Approach
- An equal weighting of all three approaches
- The Income Approach
- The Cost Approach
Sign up free to see the explanation and track your rank →
More National Real Estate Exam valuation practice
- The appraiser is likely considering:
- A person wants to buy a luxury beachfront condo but has a very low credit score and no cas
- If an appraiser is valuing a small residential rental property using a Gross Rent Multipli
- If an appraiser uses 'replacement cost' to value a building, they are estimating the curre
- In appraisal terminology, how is 'Price' distinguished from 'Value'?
- The Federal regulatory definition of market value assumes th… — This is meant to exclude w
- If the building is20%depreciated and the land is worth $75,000, what is the total property
- If there is no depreciation, what is the indicated value by the cost approach?