The Most Commonly Used Methods of Real Estate Appraisal Are

question 61

Multiple Choice

The most commonly used methods of real estate appraisal are

• A) market approach, income, and cost.
• B) income, reproduction, and cost.
• C) residual, cost, and market data.
• D) comparison, income, and capitalization.

---

Definitions:

Scarce Resources

Economic term for assets, materials, or substances that are in limited supply in relation to their demand.

Social Identity

Refers to how individuals categorize themselves and others into groups, such as social class, family, race, and how these categories form part of an individual's self-concept.

Self-concept

An individual's perception and understanding of themselves, including their attributes and who and what they are.

Social Group

A collection of individuals who interact with each other, share similar characteristics, and collectively have a sense of unity or identity.