Humber/Ontario Real Estate Course 2 Exam Practice

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Which approach is not typically utilized in property valuation?

  1. Alternative Valuation Approach

  2. Comparative Market Analysis Approach

  3. Direct Comparison Approach

  4. Income Approach

  5. Location Approach

  6. Standard Cost Approach

The correct answer is: Alternative Valuation Approach

The Alternative Valuation Approach is not typically utilized in property valuation. The Alternative Valuation Approach typically refers to less common or unconventional methods of determining the value of a property that are not widely accepted or used in the real estate industry. On the other hand, the other approaches mentioned in the question - Comparative Market Analysis Approach, Direct Comparison Approach, Income Approach, Location Approach, and Standard Cost Approach - are all commonly used and recognized methods for valuing properties in the real estate market.

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