Question

In appraisal, all of these are recognized methods for the valuation of land EXCEPT A)economic method. B)the comparative method. C)abstract method. D)development method.

Answer 1

In appraisal, the recognized methods for the valuation of land include the economic method, the comparative method, and the development method. The abstract method is NOT a recognized method for this purpose.

Step-by-step explanation:

The question is asking about the recognized methods for the valuation of land in appraisal, and we need to identify the method that is NOT recognized for this purpose.

The economic method, the comparative method, and the development method are all recognized methods used in the valuation of land. However, the abstract method is NOT a recognized method for this purpose. The abstract method is typically used in legal matters to review and analyze property ownership and rights, rather than determining the value of the land.