An appraiser works from a data collector's sketch. What should be confirmed before relying on the area figure?
Correct Answer
C) That it was measured on a comparable basis
Why this is correct: For area figures to be comparable, they must be measured using the same standards (e.g., ANSI) as the comparable sales data. This ensures adjustments are based on consistent measurements. Why the other choices are wrong: "That the collector holds a surveying credential" is not required; the key is the measurement standard, not the credential. "That the sketch was drawn to a printed scale" addresses accuracy of the drawing, not the measurement convention used. "That the client accepts the sketch as accurate" does not ensure comparability with market data. Exam tip: Before using area data, verify the measurement standard (e.g., ANSI) matches that of your comparables.
Why This Is the Correct Answer
Why this is correct: For area figures to be comparable, they must be measured using the same standards (e.g., ANSI) as the comparable sales data. This ensures adjustments are based on consistent measurements. Why the other choices are wrong: "That the collector holds a surveying credential" is not required; the key is the measurement standard, not the credential. "That the sketch was drawn to a printed scale" addresses accuracy of the drawing, not the measurement convention used. "That the client accepts the sketch as accurate" does not ensure comparability with market data. Exam tip: Before using area data, verify the measurement standard (e.g., ANSI) matches that of your comparables.
More emerging-appraisal-methods Questions
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Under current USPAP guidance, what is the output of an automated valuation model before an appraiser analyzes it?
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How should an appraiser respond to a client requesting a shorter turn time than credible results allow?
Which assignment type still requires the appraiser to develop an opinion of value?
An appraiser relies on a published capitalization rate survey. What must be considered?
A model returns an estimate far from the appraiser's own conclusion. What is the appropriate response?
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