In reconciling adjusted sale prices, the appraiser should give greatest weight to:
Correct Answer
B) The comparables requiring the fewest and best-supported adjustments
Why this is correct: The correct answer, 'The comparables requiring the fewest and best-supported adjustments,' is correct because reliability in the sales comparison approach is highest when minimal, well-supported adjustments are needed. A comparable very similar to the subject provides a more direct and dependable value indication. Why the other choices are wrong: 'The comparable that produced the highest adjusted price' is wrong; the highest indication is not inherently the most reliable. 'The most recent sale regardless of similarity' is wrong; recency is important but is addressed via time adjustment, and similarity is paramount. 'The average of all indications developed' is wrong; reconciliation is a reasoned weighting, not mechanical averaging. Exam tip: In reconciliation, give the most weight to the most similar comparable(s), not the highest number or the most recent sale.
Why This Is the Correct Answer
Why this is correct: The correct answer, 'The comparables requiring the fewest and best-supported adjustments,' is correct because reliability in the sales comparison approach is highest when minimal, well-supported adjustments are needed. A comparable very similar to the subject provides a more direct and dependable value indication. Why the other choices are wrong: 'The comparable that produced the highest adjusted price' is wrong; the highest indication is not inherently the most reliable. 'The most recent sale regardless of similarity' is wrong; recency is important but is addressed via time adjustment, and similarity is paramount. 'The average of all indications developed' is wrong; reconciliation is a reasoned weighting, not mechanical averaging. Exam tip: In reconciliation, give the most weight to the most similar comparable(s), not the highest number or the most recent sale.
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