CHP 13 - CMA

Question 1

3 Apporaches to value

Answer 1

1) Incoem Capitalization Apporach
2) Sales comparison approach/market data
Coast Approach/Summation

Question 2

Difference b/t appraisal and opinion of value

Answer 2

Appraiser uses less current market data

Question 3

At arms le ngth transaction

Answer 3

buyer & seller are unrelated and acting with undue duress