A real estate agent contacts an investor regarding a property that has recently come on the market. The real estate agent can provide reliable information regarding the property’s net operating income, as well as the prevailing market cap rate, based on recent comparable sales. The investor can best estimate the market value of the property, with the information supplied by the real estate agent, using the:（）
A. sales comparison approach.
B. income approach.
C. discounted cash flow model.
参考答案：B
解析：
The sales comparison approach uses recent transactions to estimate a benchmark value. The discounted cash flow model is used as a check on investment valuation. The hedonic price model is a variation of the sales comparison approach, but is a more formalized, structured approach. The income approach uses a property’s NOI, divided by the market cap rate, to estimate market value.