QuestionJuly 26, 2025

n which principle of value is the sales comparison approach based? Anticipation Competition Conformity Substitution

n which principle of value is the sales comparison approach based? Anticipation Competition Conformity Substitution
n which principle of value is the sales comparison approach based?
Anticipation
Competition
Conformity
Substitution

Solution
4.4(336 votes)

Answer

Substitution Explanation 1. Identify the principle The sales comparison approach is based on the principle that a property's value is influenced by the cost of acquiring an equally desirable substitute property.

Explanation

1. Identify the principle<br /> The sales comparison approach is based on the principle that a property's value is influenced by the cost of acquiring an equally desirable substitute property.
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