medium · National Real Estate Exam valuation
Which of the following situations would most likely lead an appraiser to give the cost approach significant weight during reconciliation for a 30-year-old home?
- The client requested that the cost approach be used to maximize the insurable value.
- The home is located in a neighborhood with zero recent sales and no rental activity.
- The home has been meticulously maintained and has a very low effective age.
- The home features a large amount of incurable functional obsolescence.
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