Owner converted master bedroom into 'granny flat' costing $50,000 but adding $30,000 value. Later, kitchen remodel cost $15,000 but added $20,000 value. Which statement is correct?

All of the following affect real estate values in subsequent years, except:

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The appraisal approach that estimates value by comparing a property to similar recently sold properties is the:

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What type of depreciation is the most challenging to correct?

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An important characteristic of land is that it may be modified or improved. Such improvements tend to increase the value of real estate. Which of the following is NOT an improvement?

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In Texas, a comparative market analysis (CMA) can be prepared by:

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