Barney Fletcher Exam | Questions with 100% Correct Answers | Verified | Latest Update 2024

In doing a market analysis, you find a recently sold property where the owners had just gone through a divorce. It was listed for $60,000 for 3 months but sold for $40,000. Would you use this as a comparable? A. no, because it had only been listed for 3 months B. no, because of the divorce, it was not an arms length agreement C. yes, you would use the actual sales price of $40,000 D. yes, because it was a comparable type property - B. no, because of the divorce, it was not an arms length agreement A property was worth $289,000 if capitalized at 4%. What is it worth if it capitalized at 5%? A. $185,000 B. $231,200 C. $300,000 D. $325,000 - B. $231,200 $289,000 x 4% = $11,560 divided by 5% = $231,200 An heirloom chandelier in a house would be considered: A. chattel B. personal property C. a fixture D. a trade fixture - C. a fixture