Which three methods are typically employed by appraisers?

The correct choice highlights key methodologies commonly used by appraisers to determine property values. The cost approach evaluates the value of a property based on the cost to replace or reproduce it, minus depreciation; this method is particularly useful for assessing new constructions or properties with a unique nature. The depreciation aspect is essential in assessing how much value an asset has lost over time due to factors like wear and tear or market conditions. Finally, the comparable sales approach allows appraisers to analyze recent sales of similar properties in the same area to establish a market value based on tangible transaction data.

In contrast, while other options list some appraisal methodologies, they mix elements that do not strictly align with established appraisal practices. For example, rental approaches focus on income potential rather than intrinsic property value, and the replacement cost method is a critical component but not articulated alongside depreciation effectively in the other options. Understanding these methods is essential for both appraising properties accurately and grasping the foundational practices surrounding real estate valuation.