Respuesta :
Here are the choices:
A) assessed value minus current value.
B) subjective value using the cost approach.
C) utility value after income has been determined.
D) probable price the property will bring
The best answer is D. probable price the property will bring . This can be done by looking at the properties that have been sold recently in the marketing area of the property.
A salesperson or appraiser trying to determine the market value of a property would be seeking the probable price the property will bring.
It can be accomplish by looking at the properties that have been sold currently in that marketing area where property is located.
Who is Appraiser?
Appraiser means to a professional who determines the market value of an asset, especially in the real estate industry.
An appraiser is expected to act independently of the buying and selling parties in a transaction and work as a mediator.
Their opinion about the real and fair value of an appraised asset must be unbiased by using observations as well as relevant statistics, facts, and other information.
It Depends on the circumstances, the appraiser presents their findings in a written or verbal appraisal.
What is Market Value?
Market value is also known as OMV, or "open market valuation". Market Value is the price an asset would fetch in the marketplace, or the value that the investment community gives to a particular equity or business.
It is also commonly used to refer to the market capitalization of a publicly traded company, and is calculated by multiplying the number of its outstanding shares by the current share price.
Market value is easiest to determine for exchange-traded instruments such as stocks and futures, since their market prices are widely disseminated and easily available, but is a little more challenging to ascertain for over-the-counter instruments like fixed income securities.
However, the greatest obstacle in determining market value lies in estimating the value of illiquid assets like real estate and businesses, which may necessitate the use of real estate appraisers and business valuation experts respectively.
Hence, option D is correct.
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