The major weakness with the cost appraisal to value is that cost does not necessarily equal value.

Name: The major weakness with the cost appraisal to value is that cost does not necessarily equal value.
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The cost appraisal approach assumes that the cost to build or replace a property is equivalent to its value, but market conditions, demand, and other factors can cause the actual market value to differ from the cost.

The Major Weakness with the Cost Appraisal to Value Is