Property Valuation
The 'stabilized occupancy' assumption used in a South Carolina income approach appraisal represents:
AThe current actual occupancy
BThe long-term typical occupancy rate a property would achieve under normal management✓ Correct
C100% occupancy always
DThe minimum occupancy needed to cover operating expenses
Explanation
Stabilized occupancy represents the typical long-term occupancy rate a well-managed property would achieve in its competitive market, adjusted for typical vacancy and collection losses—not necessarily current actual occupancy.
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