É Salespersons use the direct comparison approach to estimate the value of a property. Which of the following is a disadvantage when estimating value using this approach? O Select one answer. It is generally accepted by the courts and the public. It avoids various problems associated with estimating and forecasting, such as depreciation. Consumers generally understand and use it. Data is historical in nature.

Practical Management Science
6th Edition
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
Chapter14: Data Mining
Section14.2: Classification Methods
Problem 7P
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É Salespersons use the direct comparison approach to estimate the value of a property. Whlch of the following is a disadvantage
when estimating value using this approach?
O select one answer.
It is generally accepted by the courts and the public.
It avoids various problems associated with estimating and
forecasting, such as depreciation.
Consumers generally understand and use it.
Data is historical in nature.
Transcribed Image Text:É Salespersons use the direct comparison approach to estimate the value of a property. Whlch of the following is a disadvantage when estimating value using this approach? O select one answer. It is generally accepted by the courts and the public. It avoids various problems associated with estimating and forecasting, such as depreciation. Consumers generally understand and use it. Data is historical in nature.
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