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Basic Question 7 of 8
Dick and Jane are considering the purchase of a 2,500 square foot 4 bedroom, 2 bath house with an attached two-car garage on a three-quarter acre lot. The house is located in the prestigious Iwannabbie school district. Houses in this district range in size from 3 bedrooms up to 5 bedrooms, and sales occur fairly frequently. The most appropriate appraisal would be the:
B. comparative sales approach
C. replacement cost approach.
A. income approach
B. comparative sales approach
C. replacement cost approach.
User Contributed Comments 6
| User | Comment |
|---|---|
| johntan1979 | Iwannabbie... LOL :D |
| Shaan23 | THats hilarios Im assuming everybody has given up on this section with the lack of comments. |
| ldfrench | ^That happened like three study sessions ago, lol |
| Yrazzaq88 | LOL!!!!! |
| khalifa92 | why you do this Dick |
| Cartagena | Sounds like my gf |
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Learning Outcome Statements
explain the investment characteristics of real estate investments
CFA® 2025 Level I Curriculum, Volume 5, Module 4.