Practice & MathCâu 83 / 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
Giải thích
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.
Luyện miễn phí toàn bộ 100 câu hỏi — không cần đăng ký.
Câu hỏi liên quan cùng chủ đề
- The appraisal approach most appropriate for valuing an income-producing apartment building is the:
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- Approximately how many acres is a parcel containing 87,120 square feet?
- A home sells for $320,000 and the total commission rate is 6%. What is the total commission?
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