Florida Real Estate Practice Exam 2026 - Free Real Estate Practice Questions and Study Guide

Question: 1 / 400

Which situation represents the reproduction cost in the cost approach to value?

Rebuilding with similar materials, square footage, and design after a fire

Rebuilding a mansion with repurposed materials to match its pre-hurricane state

The reproduction cost in the cost approach to value is the cost to rebuild a property using the same materials, square footage, and design as the original structure. Option A is incorrect because it states "similar materials" which means they may not be an exact replica, making it a replacement cost. Option C is incorrect because it mentions building a "similar but more environmentally friendly home", which implies changes from the original design and materials. Option D is incorrect because the reason for building a smaller house is for personal use, rather than rebuilding an existing structure. Option B is the correct answer because it states the cost to rebuild a property with repurposed materials to match its pre-hurricane state, which aligns with the definition of reproduction cost.

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Building a similar but more environmentally friendly home in a different location

Building a similar but smaller house for personal use

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