Appraisal (Ch. 7) Flashcards by Marvin Sanchez | Brainscape

Q

Physical Depreciation

A

Norman Wear and tear

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Q

Functional Depreciation

A

Curable

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Q

External Depreciation

A

Always Incurable, no control over it

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Q

Three Approaches to Value

A

Comps
Cost
Income

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Q

Comparison Approach

A

Use in Residential

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Q

Cost Approach

A

Use for Special purpose

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Q

Income Approach

A

Use for other Real Estate

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