When determining the value of a vacant lot, an appraiser will typically use the:
A. cost approach
B. income approach
C. Sales comparison approach
D. summation approach
Answer: C. sales comparison approach
An appraiser will estimate the value of vacant land using the sales comparison approach, referring to the sales prices of similar lots that were recently sold.
You might also like to view...
Winnie worked at a bank and was dating Roger, who had previously been married to Sandra. Winnie repeatedly checked Sandra's bank account to see how much money Roger was paying Sandra in support payments and what financial position she was in
Sandra found out about Winnie's activities. Winnie A) has done nothing wrong as she worked at the bank and has the right to access accounts B) can be liable for intentional interference with economic relations C) can be liable for intrusion upon seclusion D) can be liable for nuisance E) can be liable for trespass
The Atkinson model for assessing project success gathers input from all of the project's stakeholders
Indicate whether the statement is true or false