Question #8
Reading: Reading 33 Real Estate Investments
PDF File: Reading 33 Real Estate Investments.pdf
Page: 6
Status: Incorrect
Correct Answer: A
Your Answer: B
Part of Context Group: Q7-8
Shared Context
Question
Which statement regarding issues with indices is least likely correct?
Answer Choices:
A. Chekov’s statement
B. Chanwit’s statement
C. Clarkson’s statement
Explanation
Clarkson's concerns about Lincoln Hedonic Index if individual properties don't sell more
than once are unfounded. Hedonic Index construction does not require multiple sales of
the same property.