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Appraisers rely on recently completed transactions of similar properties to guide their selection of the cap rate to be used to value a single property. The method of estimating a cap rate from a series of comparable properties is more commonly referred to as:____.
a. terminal capitalization.
b. indirect capitalization.
c. direct market extraction.
d. overall capitalization.

Sagot :

Answer: direct market extraction

Explanation:

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