Accepted Appraisal Standards require that the appraiser consider three approaches to the determination of value:

Question

Quizplus · Accepted Answer

The accepted appraisal standards require that the appraiser consider the cost, market, and income approaches to determine the value of a property. The cost approach considers the cost of building the property, the market approach considers comparable properties in the area, and the income approach considers the income generated by the property. These three approaches provide a holistic approach to determine the value of a property. Therefore, the correct choice is A.

Accepted Appraisal Standards Require That the Appraiser Consider Three Approaches