REAL ESTATE 306 FINAL EXAM ACTUAL 2025/2026 QUESTIONS AND 100% CORRECT ANSWERS

REAL ESTATE 306 FINAL EXAM ACTUAL 2025/2026 QUESTIONS AND 100% CORRECT ANSWERS 3 approaches to value - Answer -1. sales comparison (market) approach 2. cost approach 3. income approach sales comparison (market) approach - Answer --value of RE can be determined by analyzing the sale prices of similar properties -in a competitive market, close substitutes should sell for similar prices -difficulty: how many truly close substitutes exist & how many of these have sold recently? -"one price" rule (i.e. equivalent goods sell for equivalent prices) *arbitrage not available in RE (can't buy & sell RE quickly)Need assistance on Online classes, Exams & Assignments? Reach out for instant help!! Full Course Assistance, Plagiarism-free Essay Writing, Research Paper, Dissertation, Discussion Posts, etc…. Confidential & Secure services. Tutors are available for all subjects! Email now at: cost approach - Answer --setting a long-run equilibrium -theory of substitution estimated reproduction cost of improvements - estimated accrued depreciation = depreciated cost of building improvements +estimated value of site = indicated value by cost approach -assumption: cost of creating a pro