
If all appraisal methods are appropriate for use in valuing a particular property, there is a clear order of preference that real estate professionals adhere to. Which of the following depicts the preferred order, with the most preferable approach being listed first and the least preferable listed last?
A) Sales comparison approach, cost approach, income approach
B) Income approach, Sales comparison approach, cost approach
C) Cost approach, income approach, sales comparison approach
D) Sales comparison approach, income approach, cost approach
Correct Answer:
Verified
Q2: Real estate professionals have long supported strict
Q3: Adjustments for physical characteristics are intended to
Q4: In real estate markets, a transaction occurs
Q5: The cost approach to valuation assumes the
Q6: Several techniques can be used to obtain
Q7: Favorable mortgage financing may have a significant
Q8: When employing the sales comparison approach, appraisers
Q9: While there is no specific number of
Q10: The sequence of adjustments to the transaction
Q11: It may be appropriate for a real
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