Property Valuation
An appraiser uses three approaches to value a Texas mixed-use property with residential and retail space. The MOST appropriate approach to emphasize is:
AThe cost approach only
BThe sales comparison approach only
CA combination weighted toward the income approach and sales comparison approach✓ Correct
DThe land residual approach only
Explanation
For income-producing mixed-use properties, appraisers typically give the most weight to the income capitalization and sales comparison approaches, as these best reflect investor motivations. The cost approach may be considered as a secondary check.
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