What is proxy?
Indirect evidence used to estimate an assumption when direct data is unavailable (e.g., nearby renovated units to estimate a renovation premium). Useful only if the analyst explains why it applies and what adjustment is needed.
Where you will use it: this term comes up in the Real Estate Finance course, and the full course glossary collects every term in one place.
Related terms
From the free Real Estate Finance course by Devon Coombs, CPA, MBA.