Which of the Following Is Not an Approach for Estimating

question 270

Multiple Choice

Which of the following is not an approach for estimating stand-alone selling prices?

• A) Adjusted market assessment approach
• B) Expected cost plus margin approach
• C) Residual approach
• D) Fair market appraisal approach

---

Definitions:

Transfer of Ownership

The process by which the rights of property or title are moved from one party to another.

Void

A term applied to a contract that is not valid because its object is illegal or it has a defect that is so serious that it is not a contract.

Lease

(1) A transfer of the right to possess and use goods for a period of time in return for consideration. (2) The agreement between a landlord and a tenant that specifies the terms of a property rental.

Surrendering Property

The act of voluntarily giving up rights to property, often in a legal or financial context, such as in bankruptcy.