CFA Practice Question

There are 139 practice questions for this study session.

CFA Practice Question

The disadvantage of relying solely on the comparative sales approach to valuing real estate is that the approach:

A. does not reflect the fact that every property is in some respect unique.
B. relies on selling prices, not asking prices.
C. requires estimating a market capitalization rate.
D. works well only for new or relatively new buildings.
Correct Answer: A

User Contributed Comments 2

User Comment
johntan1979 D is for Cost Approach
schweitzdm Thanks John
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