The Rationale for Using the Cost Approach to Appraisal Is

question 31

True/False

The rationale for using the cost approach to appraisal is that any informed buyer would not pay more for property that what it would cost to buy the land and build the structure.

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Definitions:

Metadata

Data that are automatically recorded by electronic devices on their hard drives and that provide information about who created a file and when, and who accessed, modified, or transmitted it. Metadata can be described as “data about data.”

Electronically

Refers to processes or transactions conducted via digital means or using electronic devices.

Peremptory Challenge

A legal provision allowing attorneys to reject a certain number of potential jurors without stating a reason.

Potential Jurors

Individuals who have been selected for possible inclusion in a jury for a trial, from which the final jurors will be chosen.