Property Valuation
Which appraisal approach is most commonly used for single-family residential properties in Providence and Warwick, Rhode Island?
AIncome approach
BCost approach
CSales comparison approach✓ Correct
DReplacement cost approach
Explanation
The sales comparison approach is most commonly used for single-family residential properties. It estimates value by comparing the subject property to recently sold comparable properties (comps) in the same market.
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