Property Valuation
When appraising a single-family home in the Research Triangle Park area of NC, an appraiser gives MOST weight to which approach?
ACost approach
BIncome approach
CSales comparison approach✓ Correct
DGross rent multiplier approach
Explanation
For residential properties, the sales comparison approach (comparing the subject to similar recently sold properties) is given the most weight because it best reflects market behavior and has the most available data.
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