Property Valuation
Which appraisal approach would a Wisconsin appraiser give the LEAST weight to when valuing a single-family home?
ASales comparison approach
BIncome approach✓ Correct
CCost approach
DMarket data approach
Explanation
The income approach is given the least weight for single-family homes because owners typically do not buy homes as income investments; the sales comparison approach is most relevant.
Related Wisconsin Property Valuation Questions
- Wisconsin property taxes are based on:
- A comparable sale in Wisconsin was made under duress (divorce-related forced sale). For appraisal purposes, this sale:
- A Wisconsin appraiser selects 'comparables' that are most useful when they:
- A Wisconsin residential appraisal report prepared on Fannie Mae Form 1004 is called the:
- A Wisconsin buyer purchased a property for $400,000 above its independently assessed value. This is most likely an example of:
- A Wisconsin appraiser finds that the market has been increasing 3% per year. A comparable sale from 12 months ago sold for $300,000. The time-adjusted value of that comparable is approximately:
- A Wisconsin appraiser performing an appraisal for a federally related transaction must be:
- A Wisconsin broker preparing a BPO (Broker Price Opinion) should disclose that it is:
Practice More Wisconsin Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Wisconsin Quiz →