Scan QR code or get instant email to install app
Question:
When an appraiser relies on the principle of substitution, they assume that one property may be substituted for another in terms of all of the below, except ____
A
nostalgic significance.
explanation
Substitution applies to income, structural design and use. Nostalgic significance is unique to a property or individual and is not considered in the principle of substitution.
Take more free practice tests for otherReal Estate topics with our practice real estate exam now!
Related Information
Comments