Which of the following is NOT a common appraisal method?

The reverse estimation approach is not recognized as a common appraisal method in the field of real estate. Generally accepted methods for appraising property include the cost approach, market analysis approach, and income approach.

The cost approach involves estimating the cost to replace or reproduce a property minus any depreciation. The market analysis approach, often referred to as the sales comparison approach, entails evaluating similar properties that have recently sold to establish a fair market value. Lastly, the income approach is utilized primarily for investment properties, where the value is determined based on the income potential the property can generate.

In contrast, the reverse estimation approach lacks a standard definition or methodology within appraisal practices, making it an unconventional choice and the correct answer in this context.