Property Valuation
The sales comparison approach to value is most appropriate for:
ANew industrial buildings with no comparable sales
BResidential properties where comparable sales data is available✓ Correct
CIncome-producing properties such as apartment complexes
DSpecial-use properties like churches
Explanation
The sales comparison approach is most commonly used for residential properties because there are typically enough recent sales of comparable properties to provide reliable value indicators.
Related Kansas Property Valuation Questions
- Which appraisal approach is most appropriate for valuing a special-use property like a church in Kansas?
- In Kansas, the 'gross income multiplier' (GIM) is calculated as:
- What is 'effective age' versus 'chronological age' in Kansas appraisal?
- What is 'contributory value' in Kansas real estate appraisal?
- In Kansas, the 'cost approach' to appraisal is most reliable for which type of property?
- In Kansas, when an appraiser analyzes a market 'in decline' or 'transitional neighborhood,' they must be particularly careful to:
- A Kansas appraiser finds that a property's neighborhood is in a 'stable' stage of its life cycle. This means:
- A Kansas appraiser performing a 'drive-by' appraisal (exterior-only) provides:
Practice More Kansas Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Kansas Quiz →