Residential Sales Comparison and
Income Approaches-McKissock 2026
Exam Questions and Verified Answers |
Already Graded A+
A mortgage with equal payments for each period over the length of the loan
is called a __________ loan.
Standardized
Equal rate
Graduated payment
Fixed rate - 🧠 ANSWER ✔✔Fixed Rate
,The first step in the Sales comparison approach procedure is to - 🧠
ANSWER ✔✔research the market
The COMPETENCY RULE of USPAP says an appraiser must have "the
_______________________ to complete the assignment competently." - 🧠
ANSWER ✔✔Knowledge and experience
The Sales Comparison Approach was previously known as the: - 🧠
ANSWER ✔✔Market Data Approach
A transaction could be verified with all of the following parties EXCEPT
Buyer
Another appraiser
Seller
Listing broker - 🧠 ANSWER ✔✔Another appraiser
In residential properties, anticipated future benefits are amenities. They
may include all of the following EXCEPT
The security of having a roof over your head
The prestige of owning a nice home in a good neighborhood
,Tax benefits
The privacy entailed in owning a home of your own - 🧠 ANSWER ✔✔Tax
benefits
Which of the following is NOT a common unit of comparison when
appraising 2-4 unit properties?
Price per SF of GLA
Price per room
Price per SF of GBA
Price per bedroom - 🧠 ANSWER ✔✔Price per SF of GLA
The final step in the Sales Comparison Approach procedure is
Verify the information
Select relevant units of comparison
Reconcile the value indications
Research the market - 🧠 ANSWER ✔✔Reconcile the value indications
COPYRIGHT©NINJANERD 2025/2026. YEAR PUBLISHED 2025. COMPANY REGISTRATION NUMBER: 619652435. TERMS OF USE. PRIVACY
STATEMENT. ALL RIGHTS RESERVED
3
, When choosing comparables, the appraiser analyzes
Location, amenities, market conditions
Sales or financing concessions
Motivations of sellers and buyers, property rights
All of the above - 🧠 ANSWER ✔✔All of the above
In the sales comparison formula presented, we always start with
The subject
The comparable
Either subject or comparable
Neither the subject nor comparable - 🧠 ANSWER ✔✔The comparable
When choosing comparables, the appraiser analyzes:
Location, amenities
Sales or financing concessions
Income Approaches-McKissock 2026
Exam Questions and Verified Answers |
Already Graded A+
A mortgage with equal payments for each period over the length of the loan
is called a __________ loan.
Standardized
Equal rate
Graduated payment
Fixed rate - 🧠 ANSWER ✔✔Fixed Rate
,The first step in the Sales comparison approach procedure is to - 🧠
ANSWER ✔✔research the market
The COMPETENCY RULE of USPAP says an appraiser must have "the
_______________________ to complete the assignment competently." - 🧠
ANSWER ✔✔Knowledge and experience
The Sales Comparison Approach was previously known as the: - 🧠
ANSWER ✔✔Market Data Approach
A transaction could be verified with all of the following parties EXCEPT
Buyer
Another appraiser
Seller
Listing broker - 🧠 ANSWER ✔✔Another appraiser
In residential properties, anticipated future benefits are amenities. They
may include all of the following EXCEPT
The security of having a roof over your head
The prestige of owning a nice home in a good neighborhood
,Tax benefits
The privacy entailed in owning a home of your own - 🧠 ANSWER ✔✔Tax
benefits
Which of the following is NOT a common unit of comparison when
appraising 2-4 unit properties?
Price per SF of GLA
Price per room
Price per SF of GBA
Price per bedroom - 🧠 ANSWER ✔✔Price per SF of GLA
The final step in the Sales Comparison Approach procedure is
Verify the information
Select relevant units of comparison
Reconcile the value indications
Research the market - 🧠 ANSWER ✔✔Reconcile the value indications
COPYRIGHT©NINJANERD 2025/2026. YEAR PUBLISHED 2025. COMPANY REGISTRATION NUMBER: 619652435. TERMS OF USE. PRIVACY
STATEMENT. ALL RIGHTS RESERVED
3
, When choosing comparables, the appraiser analyzes
Location, amenities, market conditions
Sales or financing concessions
Motivations of sellers and buyers, property rights
All of the above - 🧠 ANSWER ✔✔All of the above
In the sales comparison formula presented, we always start with
The subject
The comparable
Either subject or comparable
Neither the subject nor comparable - 🧠 ANSWER ✔✔The comparable
When choosing comparables, the appraiser analyzes:
Location, amenities
Sales or financing concessions
