Property Valuation
An appraiser in the Pocono Mountains region of Pennsylvania values a ski resort property using primarily which approach?
ASales comparison only since there are many resort sales
BIncome approach as the primary method, since the property's value is driven by its income-generating capability✓ Correct
CCost approach exclusively
DMarket extraction from single-family vacation home sales
Explanation
Special-purpose income properties like ski resorts are best valued using the income approach since their value is primarily determined by income-generating potential. The sales comparison approach may provide a secondary check if comparable resort sales exist. The cost approach may be relevant for unique improvements without comparable sales.
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