FinancingAppraisal_methodsEASY
Which appraisal approach is most commonly used for single-family residential properties in Kentucky?
Correct Answer
B) Sales comparison approach
The sales comparison (market data) approach is most commonly used for residential properties. It compares the subject property to recently sold similar properties (comparables) and makes adjustments for differences.
Answer Options
A
Cost approachB
Sales comparison approachC
Income capitalization approachD
Gross rent multiplier approachWhy This Is the Correct Answer
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Deep Analysis of This Financing Question
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Background Knowledge for Financing
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Related Topics & Key Terms
Related Topics:
cost approachincome capitalization approachcomparable salesappraisal adjustmentsUSPAP
Key Terms:
sales comparison approachmarket data approachcomparablesresidential appraisaladjustments
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