Property Valuation
The 'income capitalization approach' is MOST applicable in appraising which type of NC property?
AA single-family residence in suburban Raleigh
BA vacant lot in Asheville
CAn apartment complex or commercial property✓ Correct
DA historic church building
Explanation
The income capitalization approach is most applicable to income-producing properties such as apartments, office buildings, and retail centers, where investors make purchase decisions based primarily on the income the property generates.
Related North Carolina Property Valuation Questions
- The Uniform Standards of Professional Appraisal Practice (USPAP) is issued by:
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- NC appraisers are required to be licensed or certified by which state body?
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