- CFA Exams
- CFA Level I Exam
- Study Session 15. Alternative Investments
- Reading 39. Private Real Estate Investments
- Subject 5. The cost and sales comparison approaches to valuation
CFA Practice Question
Which approach is likely to be used to value an unusual property?
A. The income approach.
B. The cost approach.
C. The sales-comparable approach.
Explanation: The real estate valuation approach based on the idea that an investor should not pay more for a property than it would cost to rebuild it at today's prices.
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