While There Is No Specific Number of Comparables That Is

question 26

Multiple Choice

While there is no specific number of comparables that is required for every appraisal assignment, how many comparable sales are considered adequate as long as the properties are very similar to the subject property?

• A) One
• B) Three
• C) Five
• D) Ten

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Definitions:

Small Number

A numeric value that is considered to be significantly less in magnitude compared to typical or average values.

Large Number

A numeric value that is significantly above average or expected in size or magnitude.

Porter's Five Forces

A framework analyzing a business's competitive environment based on five key forces: competitive rivalry, supplier power, buyer power, the threat of substitution, and the threat of new entrants.

Zero-Sum Game

A situation in which one participant's gains or losses are exactly balanced by the losses or gains of the other participants.