Why does comparing a subject's GLA against comparables' GLA require a consistent measurement standard?
Correct Answer
A) A size adjustment built on mismatched conventions adjusts for measuring, not market
Why this is correct: If different measurement standards are used (e.g., exterior walls vs. interior walls), the apparent size difference and resulting adjustment may reflect measurement error, not a true market value difference. Why the other choices are wrong: Larger houses do not always command a higher price per square foot; the relationship can be nonlinear. Lenders do not universally round GLA. Plans and appraisals can and do differ. Exam tip: Always state the measurement standard used (e.g., ANSI Z765) and apply it consistently to subject and comparables.
Why This Is the Correct Answer
Why this is correct: If different measurement standards are used (e.g., exterior walls vs. interior walls), the apparent size difference and resulting adjustment may reflect measurement error, not a true market value difference. Why the other choices are wrong: Larger houses do not always command a higher price per square foot; the relationship can be nonlinear. Lenders do not universally round GLA. Plans and appraisals can and do differ. Exam tip: Always state the measurement standard used (e.g., ANSI Z765) and apply it consistently to subject and comparables.
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