Property Valuation
The 'income approach' to value is least useful for:
AApartment buildings
BOwner-occupied single-family homes with no rental history✓ Correct
CCommercial strip centers
DIndustrial warehouses
Explanation
The income approach is least useful for owner-occupied single-family residences because they are not purchased for income generation. The sales comparison approach is the primary method for single-family homes.
Related Arkansas Property Valuation Questions
- Comparable sales selected by an appraiser should be:
- The income multiplier approach is most reliable for:
- The term 'as improved' in an appraisal refers to:
- When analyzing a sale for use as a comparable, the appraiser should first verify that it was an:
- Which approach is typically weighted most heavily when appraising a 4-unit residential rental property for a conventional mortgage?
- In the income approach, 'reserves for replacement' (replacement reserves) represent:
- Physical depreciation that cannot be economically repaired is classified as:
- An overimprovement to a property is one where:
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