Question 1: How are encroachments typically addressed in legal property documentation?
Which action should you take?
Question 2: What legal document is essential when appraising a property in a co-op building?
Which action should you take?
Question 3: Which method is best for valuing a unique, custom-built property?
Which action should you take?
Question 4: Which metric best predicts future market trends in a specific location?
Which action should you take?
Question 5: When using the income approach, why is it critical to project vacancy and collection losses?
Which action should you take?
Question 6: How do you calculate depreciation for a commercial property using the Cost Approach when the property is 20 years old but recently renovated?
Which action should you take?