View the step-by-step solution to:


A comparable sale sold 26 months before the effective date of appraisal in a market that is

increasing at 3%

per year (on a straight-line basis). What is the market conditions adjustment for this

comparable sale?

a) 0.12%

b) 0.25%

c) 3.00%

d) 6.50%

The subject property was built in 2010, and a comparable property was built in 1995. Assuming that

new buildings are preferred over old ones, the adjustment for age of improvement in this case would


a) Positive

b) Negative

c) No adjustment

d) Sometimes negative but sometimes positive, depending on the client

In an appraisal with qualitative analysis, the sales comparison analysis would include

a) Dollar ($) adjustments

b) Percentage (%) adjustments

c) Inferior or superior labels

d) Dollar ($) adjustments to the price per square foot of gross building area

Top Answer

Answer 1 option C... View the full answer

Sign up to view the full answer

Why Join Course Hero?

Course Hero has all the homework and study help you need to succeed! We’ve got course-specific notes, study guides, and practice tests along with expert tutors.

  • -

    Study Documents

    Find the best study resources around, tagged to your specific courses. Share your own to gain free Course Hero access.

    Browse Documents
  • -

    Question & Answers

    Get one-on-one homework help from our expert tutors—available online 24/7. Ask your own questions or browse existing Q&A threads. Satisfaction guaranteed!

    Ask a Question