CFA Practice Question

There are 195 practice questions for this study session.

CFA Practice Question

What is the rationale for the sales comparison approach?

A. An informed investor would never pay more for a property than other investors have recently paid.
B. In a relatively short period of time, comparable houses in the same area will always sell for the same price.
C. value of property is related to its ability to produce cash flow through sales.
Correct Answer: A

User Contributed Comments 1

User Comment
davidt876 don't like the use of "never" in A - what about investor and user value?
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