In the reconciliation narrative, which sentence actually does analytical work?
Correct Answer
D) 'Comp 2 got most weight: fewest adjustments, same street, closed last month.'
Why this is correct: Effective reconciliation requires specific, verifiable reasoning. This sentence explains which comparable was given the most weight and provides concrete, factual reasons (fewest adjustments, same street, recent sale). Why the other choices are wrong: 'All comparables were given consideration' is vague boilerplate. 'The comparables selected were considered quite similar' is a generic, non-analytical statement. 'The value falls within the indicated range' states a result but does not explain the reasoning behind it. Exam tip: A good reconciliation sentence names the primary comparable(s) and states why, using objective criteria from your grid.
Why This Is the Correct Answer
Why this is correct: Effective reconciliation requires specific, verifiable reasoning. This sentence explains which comparable was given the most weight and provides concrete, factual reasons (fewest adjustments, same street, recent sale). Why the other choices are wrong: 'All comparables were given consideration' is vague boilerplate. 'The comparables selected were considered quite similar' is a generic, non-analytical statement. 'The value falls within the indicated range' states a result but does not explain the reasoning behind it. Exam tip: A good reconciliation sentence names the primary comparable(s) and states why, using objective criteria from your grid.
More Sales Comparison Questions
Excess land differs from surplus land in that excess land:
A paired sales analysis reveals that homes with stainless-steel appliances sell for $2,100 more than identical homes with standard appliances — but only when the homes are priced below $350,000. In the subject’s neighborhood, median sale price is $410,000. What is the appraiser’s obligation regarding the $2,100 appliance adjustment?
GLA differs by 210 sq ft between subject and comparable. Paired sales support $65 per sq ft of living area. The line adjustment is:
Paired sales are drawn from transactions six months apart in a stable market. The time adjustment needed is:
The most appropriate unit of comparison is determined by:
A comparable superior to the subject in every adjusted category should produce an indication that is:
Three sales support $520,000; the borrower's purchase contract is $505,000. May the appraisal conclude above the contract price?
A comparable sold for $300,000 with the seller carrying a loan 2 points below market, a benefit worth $8,000. What is its cash-equivalent price?
Why is a foreclosure sale generally a poor comparable in a stable market?
A comparable sold 8 months ago for $250,000 in a market appreciating 6% per year. What is the time-adjusted price?
People Also Study
Real Estate Market
13.6% of exam
Property Description
11.8% of exam
Land or Site Valuation
4.5% of exam
Cost Approach
13.6% of exam
Income Approach
8.2% of exam