California Real Estate Sales Comparison Analysis Practice
Updated Exam 2026 WITH Recent Newest Verified And Well
Analyzed Exam Questions (Actual Exam 2026-2027) Correct
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The sales comparison approach to value is based primarily on which
principle of appraisal?
A. Principle of anticipation
B. Principle of substitution
C. Principle of conformity
D. Principle of contribution
Answer: B. Principle of substitution
Rationale: The sales comparison approach relies on the principle of
substitution, which states that a buyer will not pay more for a property
than the cost of acquiring a similar substitute property with comparable
utility. Appraisers analyze recent sales of similar properties to estimate
market value.
In the sales comparison approach, a comparable property is commonly
referred to as a:
,A. Subject property
B. Replacement property
C. Comparable sale
D. Income property
Answer: C. Comparable sale
Rationale: A comparable sale, or “comp,” is a recently sold property
that is similar to the subject property in characteristics such as location,
size, age, and condition. Appraisers use these properties as indicators
of market value.
The property being appraised in a sales comparison analysis is known as
the:
A. Comparable property
B. Subject property
C. Adjustment property
D. Benchmark property
Answer: B. Subject property
,Rationale: The subject property is the specific property for which the
appraiser is determining value. Comparable properties are used as
references to estimate the subject property's market value.
When using the sales comparison approach, an appraiser typically gives
the greatest consideration to:
A. The oldest available sales
B. Properties with the lowest sales prices
C. Recent sales of similar properties
D. Properties located in different markets
Answer: C. Recent sales of similar properties
Rationale: Recent comparable sales provide the most reliable evidence
of current market conditions because they reflect recent buyer and
seller behavior.
An adjustment is made to a comparable sale when:
A. The comparable is identical to the subject property
B. The comparable differs from the subject property in a significant
feature
C. The appraiser wants the value to increase
, D. The seller requests a higher value
Answer: B. The comparable differs from the subject property in a
significant feature
Rationale: Adjustments are necessary when differences exist between
the comparable sale and the subject property. The purpose is to make
the comparable more similar to the subject property.
If a comparable property has a feature that the subject property does
not have, the appraiser generally:
A. Adds value to the comparable
B. Subtracts value from the comparable
C. Makes no adjustment
D. Removes the comparable from consideration
Answer: B. Subtracts value from the comparable
Rationale: The comparable is superior because it has an additional
feature. The appraiser subtracts the estimated value of that feature
from the comparable sale price to make it more comparable to the
subject property.
Updated Exam 2026 WITH Recent Newest Verified And Well
Analyzed Exam Questions (Actual Exam 2026-2027) Correct
Detailed & Verified ANSWERS (100% Accurate Solutions)
ALREADY GRADED A+||NEWEST VERSION Of The Exam
Guarantee Pass!!|INSTANT DOWNLOAD PDF
The sales comparison approach to value is based primarily on which
principle of appraisal?
A. Principle of anticipation
B. Principle of substitution
C. Principle of conformity
D. Principle of contribution
Answer: B. Principle of substitution
Rationale: The sales comparison approach relies on the principle of
substitution, which states that a buyer will not pay more for a property
than the cost of acquiring a similar substitute property with comparable
utility. Appraisers analyze recent sales of similar properties to estimate
market value.
In the sales comparison approach, a comparable property is commonly
referred to as a:
,A. Subject property
B. Replacement property
C. Comparable sale
D. Income property
Answer: C. Comparable sale
Rationale: A comparable sale, or “comp,” is a recently sold property
that is similar to the subject property in characteristics such as location,
size, age, and condition. Appraisers use these properties as indicators
of market value.
The property being appraised in a sales comparison analysis is known as
the:
A. Comparable property
B. Subject property
C. Adjustment property
D. Benchmark property
Answer: B. Subject property
,Rationale: The subject property is the specific property for which the
appraiser is determining value. Comparable properties are used as
references to estimate the subject property's market value.
When using the sales comparison approach, an appraiser typically gives
the greatest consideration to:
A. The oldest available sales
B. Properties with the lowest sales prices
C. Recent sales of similar properties
D. Properties located in different markets
Answer: C. Recent sales of similar properties
Rationale: Recent comparable sales provide the most reliable evidence
of current market conditions because they reflect recent buyer and
seller behavior.
An adjustment is made to a comparable sale when:
A. The comparable is identical to the subject property
B. The comparable differs from the subject property in a significant
feature
C. The appraiser wants the value to increase
, D. The seller requests a higher value
Answer: B. The comparable differs from the subject property in a
significant feature
Rationale: Adjustments are necessary when differences exist between
the comparable sale and the subject property. The purpose is to make
the comparable more similar to the subject property.
If a comparable property has a feature that the subject property does
not have, the appraiser generally:
A. Adds value to the comparable
B. Subtracts value from the comparable
C. Makes no adjustment
D. Removes the comparable from consideration
Answer: B. Subtracts value from the comparable
Rationale: The comparable is superior because it has an additional
feature. The appraiser subtracts the estimated value of that feature
from the comparable sale price to make it more comparable to the
subject property.
