Property Valuation
When appraising a duplex, the most appropriate approach would typically be:
ASales comparison approach only
BCost approach only
CBoth the sales comparison and income approaches, with income often given more weight✓ Correct
DThe cost approach because it is a new building
Explanation
For a duplex or small income-producing property, both the sales comparison and income approaches are typically applied. The income approach reflects the property's investment potential, often given greater weight for income properties.
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