Measuring to the exterior of a brick veneer wall rather than the framing:
Correct Answer
D) Follows the convention of measuring exterior dimensions
Why this is correct: The governing concept is that Gross Living Area (GLA) is measured to the exterior finished surface of the dwelling. This standard convention applies regardless of the wall's construction material (e.g., brick veneer, siding, stucco). Measuring to the exterior of the brick veneer wall follows this rule, ensuring consistency when comparing the subject property to comparable sales measured the same way. Why the other choices are wrong: 'Produces the same figure either way' is wrong because measuring to the framing (inside the brick veneer) yields a smaller area than measuring to the exterior surface. 'Overstates GLA and must be corrected' is wrong because measuring to the exterior is the correct, accepted standard; it does not overstate but accurately states GLA per convention. 'Is required only for masonry veneer wall construction' is wrong because the exterior measurement convention applies to all exterior wall types, not just masonry veneer. Exam tip: Remember 'exterior finished surface' as the key phrase for GLA measurement. Consistency in measurement method between subject and comps is critical.
Why This Is the Correct Answer
Why this is correct: The governing concept is that Gross Living Area (GLA) is measured to the exterior finished surface of the dwelling. This standard convention applies regardless of the wall's construction material (e.g., brick veneer, siding, stucco). Measuring to the exterior of the brick veneer wall follows this rule, ensuring consistency when comparing the subject property to comparable sales measured the same way. Why the other choices are wrong: 'Produces the same figure either way' is wrong because measuring to the framing (inside the brick veneer) yields a smaller area than measuring to the exterior surface. 'Overstates GLA and must be corrected' is wrong because measuring to the exterior is the correct, accepted standard; it does not overstate but accurately states GLA per convention. 'Is required only for masonry veneer wall construction' is wrong because the exterior measurement convention applies to all exterior wall types, not just masonry veneer. Exam tip: Remember 'exterior finished surface' as the key phrase for GLA measurement. Consistency in measurement method between subject and comps is critical.
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A property is located in Zone AE on a FEMA flood map with a Base Flood Elevation (BFE) of 542 feet. The first floor elevation is 545 feet. How does this affect the property's marketability?
