Why are adjustments for the same feature ideally consistent across all comparables in a grid?
Correct Answer
B) Inconsistency suggests the adjustments are being tuned to a target value
Why this is correct: Inconsistent adjustments for the same feature across comparables can indicate the adjustments are being manipulated to reach a predetermined value, undermining the appraisal's credibility. Why the other choices are wrong: Reviewers do not add columns for fun. Software does not inherently reject unequal entries. Consistency is a general principle, not limited only to GLA adjustments. Exam tip: Apply market-derived adjustment rates uniformly unless a documented exception justifies a difference.
Why This Is the Correct Answer
Why this is correct: Inconsistent adjustments for the same feature across comparables can indicate the adjustments are being manipulated to reach a predetermined value, undermining the appraisal's credibility. Why the other choices are wrong: Reviewers do not add columns for fun. Software does not inherently reject unequal entries. Consistency is a general principle, not limited only to GLA adjustments. Exam tip: Apply market-derived adjustment rates uniformly unless a documented exception justifies a difference.
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Previous Question
An appraiser performs paired sales analysis for HVAC systems and identifies three valid pairs: (1) forced-air gas furnace vs. no central HVAC: $12,000 difference; (2) heat pump vs. no central HVAC: $14,500 difference; (3) forced-air gas furnace vs. heat pump: $2,200 difference. All pairs control for age, size, and location. Which conclusion is most directly supported by this paired data?
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Two otherwise identical sales differ only in that one has a fireplace and sold for $6,500 more. What has the appraiser found?