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In the Cost Approach to Value, Land Value Can Be

question 20

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In the cost approach to value, land value can be estimated by comparing sales of vacant land that are similar to the subject land.

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Definitions:

Sensitivity To Touch

An increased response or discomfort to tactile stimuli on the skin's surface, often a sign of underlying conditions or disorders.

Photoreceptors

Specialized cells located in the retina of the eye that convert light into electrical signals, enabling vision.

Penlight

A small, lightweight flashlight used in medical examinations to check patients' pupil response or throat.

Mechanoreceptors

Sensory receptors in the body that respond to mechanical pressures or distortions, such as touch, pressure, stretch, and vibration.

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