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5.0
Sales Comparison Approach - Final Exam
Questions with Detailed Verified Answers (100%
Correct Answers) /Already Graded A+
Quiz: An appraiser is analyzing a small apartment building, and notes
that it is located in a busy suburban location, very close to a commuter
rail line. This is an example of _______ data.
Ans: Qualitative
Quiz: An appraiser is valuing a four-acre vacant parcel of land in an
area where there is no zoning. As a residential home site, the property is
worth $185,000. For commercial purposes, it is worth $1.20 per square
foot. For industrial purposes, it is worth $50,000 per acre. What is the
highest and best use of the property?
Ans: Commercial
Quiz: An appraiser uses only one valuation approach in developing
an appraisal. Which statement is TRUE regarding this situation?
Ans: The conclusion of that approach becomes the final value by default.
Quiz: Which of these would NOT be a tangible difference between
the subject and comparable sales that might require an adjustment in
the Sales Comparison Approach?
Sunday, 02 March 2025
,Ans: Market conditions
Quiz: Benefits or features of a property, both tangible and intangible,
which increase its value would be considered ___________.
Ans: Amenities
Quiz: When developing the Sales Comparison Approach on an
industrial property, an appraiser makes specific dollar adjustments to
the sales prices of comparable properties. What type of analysis is the
appraiser employing?
Ans: Quantitative
Quiz: Which of these items would be a tangible difference between
the subject and a comparable sale that might require adjustment in
the Sales Comparison Approach?
Ans: Location
Quiz: An appraiser is valuing an agricultural property and decides to
appraise it based on value per acre. This is an example of ____________.
Ans: Units of comparison
Examstudy - Stuvia US
, Quiz: Prior to an appraiser reconciling the indications of the three
approaches to reach a final value conclusion, he or she must first:
Ans: Reconcile within the approaches
Quiz: Calculate the mean of this set of gross rent multipliers: 87, 88,
72, 69, 67, 85.
Ans: 78
Quiz: Property A sold for $305,000. It is a four-unit apartment building
with a four-car garage. Property B sold for $294,000. It is a similar four-
unit apartment building with no garage. What is the indicated
adjustment for a four-car garage?
Ans: $11,000
Quiz: Which of these answers reflects a difficulty associated with the
paired sales technique?
Ans: When applying this technique, it is difficult to account for every single
difference between properties
Quiz: A building owner installs a new high-efficiency roof on a
building at a cost of $200,000. However, the value of the building only
Examstudy - Stuvia US
In today's fast-paced educational landscape, students need reliable resources to excel in their studies.
5.0
Sales Comparison Approach - Final Exam
Questions with Detailed Verified Answers (100%
Correct Answers) /Already Graded A+
Quiz: An appraiser is analyzing a small apartment building, and notes
that it is located in a busy suburban location, very close to a commuter
rail line. This is an example of _______ data.
Ans: Qualitative
Quiz: An appraiser is valuing a four-acre vacant parcel of land in an
area where there is no zoning. As a residential home site, the property is
worth $185,000. For commercial purposes, it is worth $1.20 per square
foot. For industrial purposes, it is worth $50,000 per acre. What is the
highest and best use of the property?
Ans: Commercial
Quiz: An appraiser uses only one valuation approach in developing
an appraisal. Which statement is TRUE regarding this situation?
Ans: The conclusion of that approach becomes the final value by default.
Quiz: Which of these would NOT be a tangible difference between
the subject and comparable sales that might require an adjustment in
the Sales Comparison Approach?
Sunday, 02 March 2025
,Ans: Market conditions
Quiz: Benefits or features of a property, both tangible and intangible,
which increase its value would be considered ___________.
Ans: Amenities
Quiz: When developing the Sales Comparison Approach on an
industrial property, an appraiser makes specific dollar adjustments to
the sales prices of comparable properties. What type of analysis is the
appraiser employing?
Ans: Quantitative
Quiz: Which of these items would be a tangible difference between
the subject and a comparable sale that might require adjustment in
the Sales Comparison Approach?
Ans: Location
Quiz: An appraiser is valuing an agricultural property and decides to
appraise it based on value per acre. This is an example of ____________.
Ans: Units of comparison
Examstudy - Stuvia US
, Quiz: Prior to an appraiser reconciling the indications of the three
approaches to reach a final value conclusion, he or she must first:
Ans: Reconcile within the approaches
Quiz: Calculate the mean of this set of gross rent multipliers: 87, 88,
72, 69, 67, 85.
Ans: 78
Quiz: Property A sold for $305,000. It is a four-unit apartment building
with a four-car garage. Property B sold for $294,000. It is a similar four-
unit apartment building with no garage. What is the indicated
adjustment for a four-car garage?
Ans: $11,000
Quiz: Which of these answers reflects a difficulty associated with the
paired sales technique?
Ans: When applying this technique, it is difficult to account for every single
difference between properties
Quiz: A building owner installs a new high-efficiency roof on a
building at a cost of $200,000. However, the value of the building only
Examstudy - Stuvia US
