The Normal Method to Reach a Final Estimate of Value

question 3

Multiple Choice

The normal method to reach a final estimate of value in a narrative appraisal is

• A) an adjusted average of the approaches to value as determined by the judgment of the appraiser.
• B) whatever value is shown by the major approach.
• C) a mathematically determined average of all approaches.
• D) only the capitalized value as determined by the current market rate of return.

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Definitions:

Conversion

The process of changing or transforming something into a different form, substance, state, or belief system.

Power Tactics

Strategies used by individuals or groups to manipulate or influence others in order to achieve desired outcomes.

Directness

The quality of being straightforward and clear in communication or action, without evasion or ambiguity.

Rationality

The quality of being based on or in accordance with reason or logic.