Valuation & AppraisalCâu 95 / 120
An appraiser making adjustments in the sales comparison approach adjusts the:
a.Comparable properties' prices to the subject, not the subject itself
b.Subject property's price to match each comparable
c.Buyer's mortgage rate
d.Local property tax rate
Giải thích
In the sales comparison approach, the appraiser adjusts the sale prices of the comparables to account for their differences from the subject property. The subject is never adjusted because its value is unknown. If a comparable is superior, its price is adjusted downward, and if inferior, upward.
Luyện miễn phí toàn bộ 120 câu hỏi — không cần đăng ký.
Câu hỏi liên quan cùng chủ đề
- Depreciation in appraisal that results from outdated design or features, such as an obsolete floor plan, is called:
- A loss in property value caused by negative factors outside the property, such as a nearby factory or declining neighborhood, is:
- The concept of 'highest and best use' refers to the use that is:
- The principle of 'conformity' in appraisal suggests that a property's maximum value is generally realized when:
- Under the principle of regression, a high-value home located among lower-value homes will tend to:
- A comparative market analysis (CMA) prepared by a licensee differs from a formal appraisal because it:
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