An appraiser is trying to estimate depreciatation when valuing an older residential rental property, but is finding it difficult because no comparables have sold recently. However, the appraiser can find sufficient data on rental rates in the same market, and a capitalization rate can be supported. Which approach to value should the appraiser use?

A. Cost
B. Income
C. Market Data
D. Sales comparison

Answer: B. Income

Business

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Tuff-Steele Constructions, Inc has not been adhering to appropriate worker safety rules. As a result, there have been an increased number of on-site accidents, and several construction workers have sustained serious injuries

Which of the following powers will allow an administrative agency to bring agency proceedings against Tuff-Steele Constructions? A) licensing B) executive power C) judicial authority D) rule making

Business

Under common law, to enjoin a competitor from continuing the use of a trade secret, or to recover damages caused by the use of the secret, a plaintiff must prove that the defendant acquired it through unlawful means

Indicate whether the statement is true or false

Business