Practice & MathPregunta 83 de 100
The appraisal approach that estimates value by comparing recently sold similar properties is the:
a.Cost approach
b.Sales comparison approach
c.Income approach
d.Gross rent multiplier approach
Explicación
The sales comparison approach estimates value by analyzing recent sales of comparable properties and adjusting for differences. It is the primary method for valuing single-family homes. It rests on the principle of substitution.
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