VALUATION AND MARKET ANALYSIS

Question 1

Which approach to value is best to use in estimating the value of vacant land?
 A  »  Income approach
   B  »  Cost approach
   C  »  Sales comparison approach
   D  »  Rent approach

Answer 1

C » Sales comparison approach

Question 2

The principle of progression in the selling of a property would be best illustrated when the other homes in the neighborhood:
A » had adequate maintenance and repairs
B » are not as nice as the sold property
C » were nicer than the sold property
D » were mostly rental properties

Answer 2

C » were nicer than the sold property