Property Valuation (alternative)
When using the income approach for a Maryland apartment building, the appraiser would collect all of the following data EXCEPT:
AMarket rental rates for comparable units
BVacancy and credit loss rates for the area
CThe owner's personal income tax rate✓ Correct
DOperating expenses for similar properties
Explanation
The income approach requires market rental data, vacancy rates, and operating expense information. The property owner's personal income tax rate is irrelevant to the income approach to value.
Related Maryland Property Valuation (alternative) Questions
- An appraiser in Maryland who is asked to use a specific comparable by the lender should:
- In Maryland, an appraiser's adjustment for location differences between properties recognizes that:
- A Maryland appraiser who is asked to appraise a property in which the appraiser has a financial interest must:
- The principle of anticipation in Maryland real estate means that:
- When an appraiser uses the cost approach for a newly constructed Maryland home, the land value is:
- Accrued depreciation in an appraisal refers to:
- In Maryland, an appraiser's estimate of value is called a(n):
- In Maryland, which approach to value is NOT typically used for vacant land?
Practice More Maryland Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Maryland Quiz →