Residential Sales Comparison & Income
Approaches – McKissock 2026 Exam
Questions and Correct Answers | New
Update
How many comparables are typically used by appraisers in the sales
comparison approach? - 🧠 ANSWER ✔✔No less than three
When choosing comparables, the appraiser analyzes: - 🧠 ANSWER ✔✔All
of the above
The sales comparison approach was previously known as the: - 🧠
ANSWER ✔✔All of the above
,"The result of the cause and effect relationship among the forces that
influence real property value" is the definition of the principle of - 🧠
ANSWER ✔✔Change
"The perception that value is created by the expectation of benefits to be
derived in the future" is the definition of the principle of - 🧠 ANSWER
✔✔Anticipation
Of the three appraisal approaches, the sales comparison approach relies
most heavily on the economic principle of: - 🧠 ANSWER ✔✔Substitution
"In appraisal, off-site conditions that affect a property's value" is part of the
definition of the principle of - 🧠 ANSWER ✔✔Externalities
"The concept that a lower-priced property will be worth more in a higher-
priced neighborhood than it would in a neighborhood of comparable
properties" is the definition of the principle of - 🧠 ANSWER ✔✔Progression
"The principle that real property value is created and sustained when
contrasting, opposing, or interacting elements are in a state of equilibrium"
is the definition of the principle of - 🧠 ANSWER ✔✔Balance
,Which of the following is the sales comparison formula? - 🧠 ANSWER
✔✔Price of comparable ± adjustments = value of subject
The first step in the sales comparison approach procedure is - 🧠 ANSWER
✔✔Research the Market
Adjustments made in the sales comparison process always start with: - 🧠
ANSWER ✔✔The comparable
The appraisal principle that states "real property value is created and
sustained when the characteristics of a property conform to the demands of
its market" is the principle of - 🧠 ANSWER ✔✔Conformity
Which of the following is NOT a common unit of comparison when
appraising vacant land? - 🧠 ANSWER ✔✔Price per SF of GLA
In researching the market, an appraiser researches - 🧠 ANSWER ✔✔All of
the Above
The principles of progression and regression are illustrations of what
happens when the principle of ______________ is violated. - 🧠 ANSWER
✔✔Balance
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STATEMENT. ALL RIGHTS RESERVED
3
, The principle of competition can be between - 🧠 ANSWER ✔✔Purchasers,
Teneants, and Landlords / brokers
When is the sales comparison approach NOT the best way to estimate
value? - 🧠 ANSWER ✔✔When the property is highly unusual
The principle of supply and demand states that price and demand move in
a(an) ________ relationship. - 🧠 ANSWER ✔✔Direct but not proportional
The principle that means that good things or bad things can happen to your
property according to what is located around it is the principle of - 🧠
ANSWER ✔✔Externalities
In residential properties, anticipated future benefits are amenities. They
may include all of the following EXCEPT - 🧠 ANSWER ✔✔Tax Benefits
A transaction could be verified with all of the following parties EXCEPT - 🧠
ANSWER ✔✔Another appraiser
We NEVER adjust the - 🧠 ANSWER ✔✔Subject Property
Which of the following is NOT a common unit of comparison when
appraising 2-4 unit properties? - 🧠 ANSWER ✔✔Price per SF of GLA
Approaches – McKissock 2026 Exam
Questions and Correct Answers | New
Update
How many comparables are typically used by appraisers in the sales
comparison approach? - 🧠 ANSWER ✔✔No less than three
When choosing comparables, the appraiser analyzes: - 🧠 ANSWER ✔✔All
of the above
The sales comparison approach was previously known as the: - 🧠
ANSWER ✔✔All of the above
,"The result of the cause and effect relationship among the forces that
influence real property value" is the definition of the principle of - 🧠
ANSWER ✔✔Change
"The perception that value is created by the expectation of benefits to be
derived in the future" is the definition of the principle of - 🧠 ANSWER
✔✔Anticipation
Of the three appraisal approaches, the sales comparison approach relies
most heavily on the economic principle of: - 🧠 ANSWER ✔✔Substitution
"In appraisal, off-site conditions that affect a property's value" is part of the
definition of the principle of - 🧠 ANSWER ✔✔Externalities
"The concept that a lower-priced property will be worth more in a higher-
priced neighborhood than it would in a neighborhood of comparable
properties" is the definition of the principle of - 🧠 ANSWER ✔✔Progression
"The principle that real property value is created and sustained when
contrasting, opposing, or interacting elements are in a state of equilibrium"
is the definition of the principle of - 🧠 ANSWER ✔✔Balance
,Which of the following is the sales comparison formula? - 🧠 ANSWER
✔✔Price of comparable ± adjustments = value of subject
The first step in the sales comparison approach procedure is - 🧠 ANSWER
✔✔Research the Market
Adjustments made in the sales comparison process always start with: - 🧠
ANSWER ✔✔The comparable
The appraisal principle that states "real property value is created and
sustained when the characteristics of a property conform to the demands of
its market" is the principle of - 🧠 ANSWER ✔✔Conformity
Which of the following is NOT a common unit of comparison when
appraising vacant land? - 🧠 ANSWER ✔✔Price per SF of GLA
In researching the market, an appraiser researches - 🧠 ANSWER ✔✔All of
the Above
The principles of progression and regression are illustrations of what
happens when the principle of ______________ is violated. - 🧠 ANSWER
✔✔Balance
COPYRIGHT©NINJANERD 2025/2026. YEAR PUBLISHED 2025. COMPANY REGISTRATION NUMBER: 619652435. TERMS OF USE. PRIVACY
STATEMENT. ALL RIGHTS RESERVED
3
, The principle of competition can be between - 🧠 ANSWER ✔✔Purchasers,
Teneants, and Landlords / brokers
When is the sales comparison approach NOT the best way to estimate
value? - 🧠 ANSWER ✔✔When the property is highly unusual
The principle of supply and demand states that price and demand move in
a(an) ________ relationship. - 🧠 ANSWER ✔✔Direct but not proportional
The principle that means that good things or bad things can happen to your
property according to what is located around it is the principle of - 🧠
ANSWER ✔✔Externalities
In residential properties, anticipated future benefits are amenities. They
may include all of the following EXCEPT - 🧠 ANSWER ✔✔Tax Benefits
A transaction could be verified with all of the following parties EXCEPT - 🧠
ANSWER ✔✔Another appraiser
We NEVER adjust the - 🧠 ANSWER ✔✔Subject Property
Which of the following is NOT a common unit of comparison when
appraising 2-4 unit properties? - 🧠 ANSWER ✔✔Price per SF of GLA
