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Rationale of the cost replacement approach is: an informed investor would not pay more for real estate than what it would cost to buy the land and build the structure an informed investor would pay for a property based on its ability to produce cash flow an informed buyer of real estate would not pay more for a property than what other investors have recently paid for comparable properties. None of the above

Respuesta :

Answer:

an informed buyer of real estate would not pay more for a property than what other investors have recently paid for comparable properties

Explanation:

The replacement cost is the cost when the improvement represent the cost to replace one improvement with another containing the similar utility

So here the cost replacement approach would be informed buyer of the real estate that should not pay more as compared with the other investor who currently paid for the properties that are comparable with each other

Therefore the above represent the answer  

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