Property Valuation
The income multiplier approach is most reliable for:
AOwner-occupied single-family homes
BIncome-producing properties with consistent rental income✓ Correct
CVacant land with no income
DProperties in rapidly appreciating markets
Explanation
Income multiplier methods (GRM, GIM) are most useful for income-producing properties where gross rental income is a reliable measure of value and comparable rental data is available.
Related Arkansas Property Valuation Questions
- The principle of HIGHEST AND BEST USE means the use that is:
- A property's highest and best use is defined as the use that is:
- Price differs from value in real estate because price is:
- The principle of progression in real estate valuation states that:
- The principle of PROGRESSION states that:
- Which appraisal approach estimates value by analyzing recent sales of comparable properties?
- The principle of CONTRIBUTION states that:
- A comparative market analysis (CMA) is performed by:
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