Property Valuation
A New Jersey appraiser performing a URAR (Uniform Residential Appraisal Report) is using which appraisal approach as the primary method for a single-family home?
AIncome capitalization approach
BCost approach
CSales comparison approach✓ Correct
DGross rent multiplier approach
Explanation
The sales comparison approach is the primary method for valuing single-family residences on the URAR. The appraiser selects comparable sales and adjusts for differences to arrive at a value indication for the subject property.
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