Property Valuation (alternative)
When appraising a single-family home in Maryland, the most commonly used approach is:
AIncome capitalization approach
BCost approach
CSales comparison approach✓ Correct
DGross rent multiplier
Explanation
For residential single-family homes, the sales comparison (market data) approach is the primary and most commonly used appraisal method as comparable sales data is typically abundant.
Related Maryland Property Valuation (alternative) Questions
- For a Maryland property near the Washington DC suburbs with high demand, a 'market rent' analysis would use:
- In Maryland, an appraiser's adjustment for location differences between properties recognizes that:
- A Maryland investor uses a 'discounted cash flow' (DCF) analysis for a commercial property. The DCF analysis:
- When appraising a Maryland property, the highest and best use 'as if vacant' analysis asks:
- When comparing sales in the same Maryland neighborhood, an appraiser should give the most weight to comparables that are:
- The 'economic rent' of a property exceeds the 'contract rent' when:
- Maryland appraisers are required by USPAP to disclose when:
- In Maryland, the principle of 'balance' in appraisal theory states that:
Practice More Maryland Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Maryland Quiz →