For which of the following properties will the appraiser provide a value for owner shares of a corporation?

In a cooperative housing arrangement, also known as a co-op, the owner actually purchases shares in a corporation that owns the entire property rather than owning the individual unit itself. Because ownership is represented by shares in a corporation, appraisers focus on valuing these shares rather than just the physical unit. The value of the shares is based on various factors, such as the overall financial health of the cooperative, the condition of the property, and the market demand for housing in the area.

In contrast, in condominiums, single-family homes, and residential rental properties, ownership is typically based on individual deeds or titles, and appraisals focus on the physical property rather than shares in a corporation. This fundamental difference in ownership structure is why an appraiser would provide a value specifically for the owner shares of a cooperative housing unit.