Sales Comp & Income
Approaches Exam Study Guide
– Practice Questions with
Verified Answers. GRADED A+.
Latest 2026/2027 Update
"The result of the cause and effect relationship among the forces that
influence real property value" is the definition of the principle of
Anticipation
Supply and Demand
Change
Balance - Answer✔✔-Change
A group of complementary land uses; a congruous grouping of
inhabitants, buildings, or business enterprises" is the definition of
District
,Neighborhood
Market area
Suburb - Answer✔✔-Neighborhood
Lenders might be sources of information in all of the following areas
EXCEPT
Commercial transactions
Lease terms
Interest rates
Industrial transactions - Answer✔✔-Lease terms
American Factfinder can be found on the website for
Usa.gov
The Census Bureau
The National Chamber of Commerce
The National Association of REALTORS - Answer✔✔-The Census
Bureau
When collecting comparable sales information, you would likely
collect data concerning all of the following EXCEPT
, Recent sales
Copies of home inspection reports
Listings of comparables
Options to purchase - Answer✔✔-Copies of home inspection reports
A qualitative technique for analyzing comparable sales; used to
determine whether the characteristics of a comparable property are
inferior, superior, or equal to those of the subject property" is the
definition of _____________ analysis.
Cost
Ranking
Quantitative
Relative comparison - Answer✔✔-Relative comparison
A leasehold interest may have value when
The contract rent is less than market rent
The contract rent is more than market rent
There is a positive cash flow
The capitalization rate is more than the discount rate - Answer✔✔-
The contract rent is less than market rent
Approaches Exam Study Guide
– Practice Questions with
Verified Answers. GRADED A+.
Latest 2026/2027 Update
"The result of the cause and effect relationship among the forces that
influence real property value" is the definition of the principle of
Anticipation
Supply and Demand
Change
Balance - Answer✔✔-Change
A group of complementary land uses; a congruous grouping of
inhabitants, buildings, or business enterprises" is the definition of
District
,Neighborhood
Market area
Suburb - Answer✔✔-Neighborhood
Lenders might be sources of information in all of the following areas
EXCEPT
Commercial transactions
Lease terms
Interest rates
Industrial transactions - Answer✔✔-Lease terms
American Factfinder can be found on the website for
Usa.gov
The Census Bureau
The National Chamber of Commerce
The National Association of REALTORS - Answer✔✔-The Census
Bureau
When collecting comparable sales information, you would likely
collect data concerning all of the following EXCEPT
, Recent sales
Copies of home inspection reports
Listings of comparables
Options to purchase - Answer✔✔-Copies of home inspection reports
A qualitative technique for analyzing comparable sales; used to
determine whether the characteristics of a comparable property are
inferior, superior, or equal to those of the subject property" is the
definition of _____________ analysis.
Cost
Ranking
Quantitative
Relative comparison - Answer✔✔-Relative comparison
A leasehold interest may have value when
The contract rent is less than market rent
The contract rent is more than market rent
There is a positive cash flow
The capitalization rate is more than the discount rate - Answer✔✔-
The contract rent is less than market rent
