Property OwnershipAppraisal_methodsEASY
The sales comparison approach in Alabama is most commonly used for:
Correct Answer
B) Single-family residential, using recently sold comparable properties with adjustments
The sales comparison approach is the primary residential valuation method, comparing the subject to similar recently sold properties and making adjustments for differences.
Answer Options
A
Industrial propertyB
Single-family residential, using recently sold comparable properties with adjustmentsC
Farmland onlyD
All property types equallyWhy This Is the Correct Answer
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Why the Other Options Are Wrong
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Deep Analysis of This Property Ownership Question
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Background Knowledge for Property Ownership
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Real World Application in Property Ownership
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Related Topics & Key Terms
Related Topics:
income approachcost approachcomparable salesappraisal adjustmentsUSPAPAlabama Real Estate Appraisers Board
Key Terms:
sales comparisoncomparable salesappraisal approachresidential valuationadjustmentsUSPAP
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