Property Valuation
The sales comparison approach to value is most appropriate for:
ASpecial-use properties
BIncome-producing properties
CSingle-family residential properties✓ Correct
DGovernment-owned properties
Explanation
The sales comparison approach is the primary method for valuing single-family homes because there are typically enough comparable sales available.
Related North Carolina Property Valuation Questions
- The gross rent multiplier (GRM) for a property that sells for $240,000 and rents for $1,600/month is:
- Functional obsolescence in a NC property is caused by:
- Progression in real estate value means:
- The 'effective age' of a building for appraisal purposes refers to:
- An adjustment in the sales comparison approach for a feature the subject property HAS but the comparable does NOT have requires the appraiser to:
- A capitalization rate in real estate is:
- A NC appraiser performing a 'retrospective appraisal' is estimating the value of a property:
- A NC property's capitalization rate is determined primarily by:
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