While There Are Several Conventional Approaches Used to Estimate the Market

question 8

Multiple Choice

While there are several conventional approaches used to estimate the market value of real estate, which of the following is typically considered the most reliable approach?

• A) Income approach
• B) Sales comparison approach
• C) Cost approach
• D) Investment approach

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Definitions:

Effective Planning

The process of setting goals, developing strategies, and outlining tasks and schedules to accomplish the goals.

Greenhalgh Seven Steps

A strategy proposed by Leonard Greenhalgh for negotiation, consisting of seven phases to achieve effective outcomes.

Relationship Building

The process of establishing and developing connections or rapport between individuals or groups.

Strategic Negotiation

The process of planning and conducting negotiations to achieve specific objectives.