A Florida broker prepares a CMA using a comparable that sold for $390,000 and contains 2,000 square feet. If the subject contains 2,050 square feet and the broker applies the comparable's price per square foot to the subject, what indicated value results?
Correct Answer
A) $399,750
First find the comparable's price per square foot, then multiply by the subject size. That produces $399,750.
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A Florida licensee preparing a CMA has three adjusted comparable sale prices: $325,000, $332,000, and $338,000. What is the average adjusted indication?
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In a Florida BPO support file, one comparable sold for $395,000. The comparable needs a +$12,000 adjustment for an inferior feature and a -$4,000 adjustment for a superior feature. What adjusted indication does that comparable produce?