Question

Questions explain which of the six steps in the appraisal process seem to be addressed and how they are affected by the new system.

Answer 1

Explanation:

The appraisal process consists of the following eight steps:

Step 1: Define the Problem.

Step 2: Preliminary Inspection and Plan the Work.

Step 3: Data Collection and Analysis.

Step 4: Apply the Cost Approach.

Step 5: Apply the Direct Comparison Approach.

Step 6: Apply the Income Approach.