Estimating the Land Value for an Improved Property Cannot Be

question 29

True/False

Estimating the land value for an improved property cannot be accomplished using the sales comparison method of valuation.

---

Definitions:

Unequal Distribution

A situation where resources, wealth, or opportunities are not evenly shared among members of a society.

Median Earnings

The midpoint of income distribution, meaning that half of the workers earn more than this amount and half earn less.

Labor Market

A marketplace where employers and employees interact concerning the exchange of labor for compensation.

Compensating Differentials

Salary differences that reflect the desirability of the job itself or the cost of living in the area where the job is located.