Fair Market Value and Replacement Cost - What’s the Difference?
Monday, November 16, 2020
This is not an uncommon question in the Core Course in-person class, but it is even more common from the Core Course Distance Education students. The confusion is not limited to the beginner appraiser courses. I have also had requalification course attendees and students in the AF+DA courses who are not clear on the differences. Therefore, now seemed like a good opportunity to review the differences in use and the selection of comparables for these two objectives.
