Property Valuation
Wisconsin's 'income multiplier' analysis using the GIM (Gross Income Multiplier) is most useful for:
ASingle-family home appraisals
BQuick value estimates of income-producing properties as a supplement to more detailed analysis✓ Correct
CCost approach estimates
DEminent domain proceedings only
Explanation
The GIM (or GRM for residential) provides a quick, rough value indicator for income properties and is used as a supplement to — not a replacement for — the more rigorous income capitalization approach.
Related Wisconsin Property Valuation Questions
- The Wisconsin equalized value (full value) of a property is set by:
- Wisconsin's 'assessed value' for property tax purposes is determined by:
- An appraiser in Wisconsin adjusts a comparable sale price upward because the comparable has less square footage than the subject. This is a:
- A Wisconsin appraiser uses the income approach for a retail strip mall. The appropriate method within the income approach for a stabilized property is:
- A Wisconsin property has a going-concern value. Going-concern value differs from real property value because it includes:
- In Wisconsin, the cost approach formula is:
- Market value in a Wisconsin appraisal is defined as the most probable price that a property would bring in a competitive open market assuming:
- The Wisconsin sales comparison approach adjusts comparable sales for differences from the subject. An adjustment for a bathroom the comparable lacks is a:
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