(CIA) Certified Insurance Appraiser Practice Test
CIA - Certified Insurance Appraiser CIA Property Appraisal Methods & Valuation
What is the cost approach in property valuation?
Select your answer
A
It focuses on the land value alone.
B
It estimates the cost of replacing or reproducing the property, minus depreciation
C
It uses market prices to value a property.
D
It focuses on the historical sales data of similar properties.
Hint
