Property Valuation
In Oregon, which appraisal approach is typically given the MOST weight for vacant land?
ACost approach
BSales comparison approach✓ Correct
CIncome approach
DAll three are weighted equally
Explanation
For vacant land, the sales comparison approach (comparing recent sales of similar vacant parcels) is typically given the most weight because it directly reflects what buyers are paying for similar land in the market. The cost approach doesn't apply (no improvements), and the income approach may apply to income-producing land but is secondary to sales comparisons for most Oregon vacant land situations.
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