The Sales Comparison Approach to Value Is Most Widely Used

question 7

Multiple Choice

The sales comparison approach to value is most widely used for which of the following types of properties?

• A) Residential property
• B) Income producing property
• C) Buildings serving specialized purposes
• D) For transactions involving government agencies

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Definitions:

Social Desirability

The tendency of individuals to present themselves in a manner that will be viewed favorably by others, often leading to distortion in self-report measures.

Actuarial Approach

A method used in various fields like insurance and finance, employing statistical models to predict future outcomes based on historical data.

Clinician's Experience

The knowledge, skill, and judgment that healthcare providers acquire through their professional practice.

Personal Experience

An individual's direct encounter or involvement in events, accumulating a unique knowledge and perspective.