Property Valuation
An appraiser uses the 'Marshall Valuation Service' (or similar cost data service) to estimate:
AA. Market values of comparable sales
BB. The cost to replace or reproduce a structure✓ Correct
CC. The income capitalization rate
DD. Environmental remediation costs
Explanation
Cost data services like Marshall Valuation Service provide cost-per-square-foot building data that appraisers use to estimate the current replacement or reproduction cost of structures in the cost approach.
Related Georgia Property Valuation Questions
- When appraising a property, which approach to value considers the land value separately from the improvements?
- In the cost approach, after determining the replacement cost new, the appraiser deducts:
- The reproduction cost in the cost approach refers to:
- A property that would sell for more in pieces than as a whole exhibits:
- USPAP requires appraisers to retain their workfiles for a minimum of:
- The 'principle of progression' in real estate states that:
- An appraisal that determines 'market value' estimates the price that:
- The 'extra' value created by a corner lot compared to interior lots is called:
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