Property Valuation
In the cost approach, what term describes the loss in value from all causes?
ADepreciation✓ Correct
BAmortization
CObsolescence
DDeterioration
Explanation
Depreciation in appraisal refers to the total loss in value from physical deterioration, functional obsolescence, and external/economic obsolescence.
Related Ohio Property Valuation Questions
- What is a comparable sale (comp) in real estate appraisal?
- An Ohio property has a gross income of $50,000, a 10% vacancy loss, and operating expenses of $20,000. What is the NOI?
- The gross rent multiplier (GRM) is calculated by dividing the:
- An Ohio appraiser is completing a URAR (Uniform Residential Appraisal Report). What is the minimum number of comparable sales typically required?
- Which of the following is an example of 'plottage' (assemblage value) in Ohio real estate?
- An Ohio appraiser needs to determine the value of a 20-unit apartment building. Which approach would typically receive the most weight?
- What is external obsolescence in real estate appraisal?
- Which principle states that the value of an improvement is only worth the amount it adds to the total property value?
Practice More Ohio Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Ohio Quiz →