Property Valuation
The income approach to value is most appropriate for:
ASingle-family homes
BVacant land
CIncome-producing properties like apartment buildings✓ Correct
DHistoric properties
Explanation
The income approach estimates value based on the income a property generates. It's used for rental properties, commercial buildings, and other income-producing real estate.
Related California Property Valuation Questions
- When using the sales comparison approach, which of the following properties would typically be selected as a comparable sale?
- Plottage value (assemblage) occurs when:
- What is a capitalization rate (cap rate)?
- In the cost approach, 'reproduction cost' differs from 'replacement cost' because:
- What is 'market value'?
- In California, a real estate appraiser's license is issued by:
- A 'before and after' appraisal method is most commonly used in which situation?
- In a sales comparison appraisal, if a comparable sale has a garage and the subject property does not, the appraiser makes an adjustment by:
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