Property Valuation
What is the cost to cure in appraisal?
AThe cost to fix title defects
BThe amount needed to repair a curable defect, used to measure depreciation adjustments✓ Correct
CThe cost to remediate environmental contamination
DThe price to settle a property dispute
Explanation
Cost to cure is the estimated cost to repair a curable defect (curable depreciation). If the cost to cure exceeds the value added, the defect is considered incurable.
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