EstatePass
Valuation AppraisalThree_approachesMEDIUM

Which statement best describes Florida's rule on Florida-specific market influences on approach selection?

Correct Answer

D) Appraisers reconcile the approaches based on relevance and reliability rather than averaging blindly.

Appraisers reconcile the approaches based on relevance and reliability rather than averaging blindly. This follows Pearson VUE Florida Sales Associate CIB – Valuation & Appraisal; general appraisal principles tested on Florida exam.

Answer Options
A
The sales-comparison approach does not use adjustments for differences among comparables.
B
The income approach is always the best method for owner-occupied single-family homes with no rental market evidence.
C
The cost approach ignores land value because only the structure is being valued.
D
Appraisers reconcile the approaches based on relevance and reliability rather than averaging blindly.

Why This Is the Correct Answer

Sign up free to unlock full analysis

Why the Other Options Are Wrong

Sign up free to unlock full analysis

Deep Analysis of This Valuation Appraisal Question

Sign up free to unlock full analysis

Background Knowledge for Valuation Appraisal

Sign up free to unlock full analysis
Sign up free to unlock full analysis

Real World Application in Valuation Appraisal

Sign up free to unlock full analysis

Common Mistakes to Avoid on Valuation Appraisal Questions

Sign up free to unlock full analysis

Related Topics & Key Terms

Key Terms:

floridastate_portionthree_approachesvaluation_appraisal
Was this explanation helpful?

More Valuation Appraisal Questions

People Also Study

Practice More Questions

Access 2,000+ practice questions and pass your real estate exam.

Start Practicing