What is the primary function of the dynamic sales comparison grid in an appraisal?
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To organize and present evidence that supports the appraiser’s value opinion, including market-based adjustments for differences between properties
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For a property with 2 to 4 units, how should the number of bedrooms and bathrooms be reported?
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Reported per unit, separating above-grade and below-grade spaces
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What is the purpose of the Overall Quality and Condition subsection in the sales comparison grid?
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To combine and reconcile all interior and exterior quality and condition data for the property
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Which types of features are included in the Outbuilding subsection besides vehicle storage?
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Features unrelated to vehicle storage, such as workshops or bathrooms
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How does the Summary and Reconciliation subsection indicate the relative importance of each comparable sale?
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Using classifications: Most Weight, Less Weight, or No Weight
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The Water Frontage with Private Access subsection is included only if:
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The subject property or any comparable has private access to at least one body of water
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Transcript
What is the primary function of the dynamic sales comparison grid in an appraisal?
Flip flashcard to reveal answer
The correct answer is...
To organize and present evidence that supports the appraiser’s value opinion, including market-based adjustments for differences between properties
Back to Question
Next card
For a property with 2 to 4 units, how should the number of bedrooms and bathrooms be reported?
Flip flashcard to reveal answer
Previous card
The correct answer is...
Reported per unit, separating above-grade and below-grade spaces
Next card
Back to Question
What is the purpose of the Overall Quality and Condition subsection in the sales comparison grid?
Flip flashcard to reveal answer
Previous card
The correct answer is...
To combine and reconcile all interior and exterior quality and condition data for the property
Next card
Next card
Back to Question
Which types of features are included in the Outbuilding subsection besides vehicle storage?
Flip flashcard to reveal answer
Previous card
The correct answer is...
Features unrelated to vehicle storage, such as workshops or bathrooms
Next card
Back to Question
How does the Summary and Reconciliation subsection indicate the relative importance of each comparable sale?
Flip flashcard to reveal answer
Previous card
The correct answer is...
Using classifications: Most Weight, Less Weight, or No Weight
Next card
Back to Question
The Water Frontage with Private Access subsection is included only if:
Flip flashcard to reveal answer
Previous card
The correct answer is...
The subject property or any comparable has private access to at least one body of water
Back to Question