Multiple Choice
Real estate appraisal is often considered "more art than science," since identifying truly comparable properties is a subjective process. Therefore, it is essential that a comparable property transaction at least meets the requirement that it was fairly negotiated under typical market conditions. Which of the following types of transactions would be most appropriate for use in the sales comparison approach to valuation?
A) Commingled business transactions
B) Low-interest financing programs
C) Real estate auctions
D) Arm's-length transactions
Correct Answer:
Verified
Correct Answer:
Verified
Q9: Several techniques can be used to obtain
Q10: Adjustments for physical characteristics are intended to
Q11: Real estate professionals have long supported strict
Q12: It may be appropriate for a real
Q13: If all appraisal methods are appropriate for
Q15: Given the following information, determine the
Q16: The cost approach to valuation assumes the
Q17: At the conclusion of the traditional sales
Q18: The sequence of adjustments to the transaction
Q19: Accrued depreciation is the difference between the