Two comparables' GLA figures came from tax records and the third from the appraiser's own measurement. The best practice is to:
Correct Answer
D) Verify the record figures against a consistent measurement basis
Why this is correct: Consistency in measurement basis is critical for accurate comparison. The best practice is to verify all figures against a single, consistent standard (like ANSI standard) to ensure adjustments reflect real differences, not measurement discrepancies. Why the other choices are wrong: Adopting unverified tax figures for all maintains inconsistency if they are wrong. Choosing figures to get a tight value range is result-oriented and unethical. Discarding the more reliable measured comparable is illogical. Exam tip: When data sources differ, verify or disclose the inconsistency; don't ignore it.
Why This Is the Correct Answer
Why this is correct: Consistency in measurement basis is critical for accurate comparison. The best practice is to verify all figures against a single, consistent standard (like ANSI standard) to ensure adjustments reflect real differences, not measurement discrepancies. Why the other choices are wrong: Adopting unverified tax figures for all maintains inconsistency if they are wrong. Choosing figures to get a tight value range is result-oriented and unethical. Discarding the more reliable measured comparable is illogical. Exam tip: When data sources differ, verify or disclose the inconsistency; don't ignore it.
More Property Description Questions
A property is located in FEMA flood zone AE with a base flood elevation of 485 feet. The lowest floor is at 487 feet. What is the significance for the appraisal?
In a leasehold estate, the tenant's interest in the property is called:
A residential property is located in a subdivision governed by covenants, conditions, and restrictions (CC&Rs) recorded in 1985. One CC&R prohibits detached accessory structures over 12 feet in height. The property currently has a 14-foot-tall detached garage built in 2012. No enforcement action has been taken. How should the appraiser reflect this violation in the appraisal report?
Why is a street address alone insufficient as a legal description in an appraisal report?
A ground lease typically involves:
In the rectangular survey system, a section contains how many acres?
A property is located in a 100-year flood zone. This means the property has what probability of flooding in any given year?
A building's foundation shows minor settling cracks that have been properly repaired and show no signs of recent movement. This condition represents:
An appraisal of a rented single-family home where the lease runs another four years at below-market rent is valuing which interest, from the owner's side?
When appraising a tenant's interest in a property under a long-term lease with below-market rent, the appraiser is valuing which property right?
People Also Study
Valuation Principles & Procedures
25% of exam
Market Analysis & Highest/Best Use
15% of exam
Appraisal Math & Statistics
15% of exam
USPAP (Ethics & Standards)
15% of exam
Report Writing & Compliance
10% of exam
Previous Question
A property owner builds a garage that extends 3 feet onto the neighboring property. This is an example of:
Next Question
An appraiser observes that a subject property's roof has widespread granule loss, exposed asphalt, and multiple blisters. The roof was installed 12 years ago, and local market data indicates typical asphalt shingle roofs in this climate last 18–22 years. What is the most appropriate condition rating for this roof under the Fannie Mae Selling Guide (Form 1004) condition scale?