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Florida Real Estate Course
Chapter 17
Florida Real Estate Practice Question
The Cost-Depreciation Approach is based on the cost to buy an equivalent site and:
Answer choices
A
Reproduce the structure as if new, less depreciation.
B
Add the cost of all renovations made.
C
Subtract the land value from the sale price.
D
Capitalize the net income.
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Real Estate Appraisal: Value, Comparables and Three Approaches
All chapter guides
Why can construction cost, sale price, and market value all be different?
Does highest and best use simply mean whichever use earns the most money?