RESIDENTIAL SALES LATEST
COMPARISON AND
INCOME APPROACHES
EXAM QUESTIONS AND
ANSWERS 2026 - 2027
A property sold for $140,000. It had two 5 room apartments, two 4 room
apartments and a 3 room studio apartment. What did it sell for per room?
A. $6,667
B. $6.892
C. $7,258
D. $8,431 - ANSWERS-A. $6,667
The Income Approach is required by Fannie Mae for properties
appraised on the ______________ form.
A. 1004
B. 1025
C. 1004C
D. 2055 - ANSWERS-B. 1025
END OF
PAGE
1
, RESIDENTIAL SALES LATEST
COMPARISON AND
INCOME APPROACHES
EXAM QUESTIONS AND
ANSWERS 2026 - 2027
Where do you address the strengths and weaknesses of each approach of
the SRIPAR form?
A. In the Income Approach section
B. In the sales comparison grid
C. In the URAR portion
D. In the reconciliation section - ANSWERS-D. In the reconciliation
section
Income and value are _______ and move in the same direction.
A. Independent
B. Interdependent
C. Self sufficient
D. Opposites - ANSWERS-B. Interdependent
END OF
PAGE
2
, RESIDENTIAL SALES LATEST
COMPARISON AND
INCOME APPROACHES
EXAM QUESTIONS AND
ANSWERS 2026 - 2027
If you determine that the best indication of value for a property is $46.00
per square foot and the square footage of the property is 2,462 SF, what
is the indicated value of the property?
A. $114,222
B. $113,252
C. $113,222
D. $114,252 - ANSWERS-B. $113,252
Which technique is commonly used for estimating the value of small
residential income properties?
A. Net income multiplier
B. Estimated income multiplier
C. Gross Rent Multiplier
END OF
PAGE
3
, RESIDENTIAL SALES LATEST
COMPARISON AND
INCOME APPROACHES
EXAM QUESTIONS AND
ANSWERS 2026 - 2027
D. Discounted Cash Flow analysis - ANSWERS-C. Gross Rent
Multiplier
Which of the following is not good procedure when making a
reconciliation of sales data?
A. Be persuasive
B. Be succinct
C. Be direct
D. Be verbose - ANSWERS-D. Be verbose
"The criteria that enable an appraiser to form a meaningful, defensible
conclusion about the final value opinion. Value indications are tested for
the appropriateness of the approaches and adjustments applied, the
accuracy of the data, and the quantity of evidence analyzed" is the
definition of
END OF
PAGE
4
COMPARISON AND
INCOME APPROACHES
EXAM QUESTIONS AND
ANSWERS 2026 - 2027
A property sold for $140,000. It had two 5 room apartments, two 4 room
apartments and a 3 room studio apartment. What did it sell for per room?
A. $6,667
B. $6.892
C. $7,258
D. $8,431 - ANSWERS-A. $6,667
The Income Approach is required by Fannie Mae for properties
appraised on the ______________ form.
A. 1004
B. 1025
C. 1004C
D. 2055 - ANSWERS-B. 1025
END OF
PAGE
1
, RESIDENTIAL SALES LATEST
COMPARISON AND
INCOME APPROACHES
EXAM QUESTIONS AND
ANSWERS 2026 - 2027
Where do you address the strengths and weaknesses of each approach of
the SRIPAR form?
A. In the Income Approach section
B. In the sales comparison grid
C. In the URAR portion
D. In the reconciliation section - ANSWERS-D. In the reconciliation
section
Income and value are _______ and move in the same direction.
A. Independent
B. Interdependent
C. Self sufficient
D. Opposites - ANSWERS-B. Interdependent
END OF
PAGE
2
, RESIDENTIAL SALES LATEST
COMPARISON AND
INCOME APPROACHES
EXAM QUESTIONS AND
ANSWERS 2026 - 2027
If you determine that the best indication of value for a property is $46.00
per square foot and the square footage of the property is 2,462 SF, what
is the indicated value of the property?
A. $114,222
B. $113,252
C. $113,222
D. $114,252 - ANSWERS-B. $113,252
Which technique is commonly used for estimating the value of small
residential income properties?
A. Net income multiplier
B. Estimated income multiplier
C. Gross Rent Multiplier
END OF
PAGE
3
, RESIDENTIAL SALES LATEST
COMPARISON AND
INCOME APPROACHES
EXAM QUESTIONS AND
ANSWERS 2026 - 2027
D. Discounted Cash Flow analysis - ANSWERS-C. Gross Rent
Multiplier
Which of the following is not good procedure when making a
reconciliation of sales data?
A. Be persuasive
B. Be succinct
C. Be direct
D. Be verbose - ANSWERS-D. Be verbose
"The criteria that enable an appraiser to form a meaningful, defensible
conclusion about the final value opinion. Value indications are tested for
the appropriateness of the approaches and adjustments applied, the
accuracy of the data, and the quantity of evidence analyzed" is the
definition of
END OF
PAGE
4
