Which of the Following Statements Regarding the Sales Comparison Approach

question 42

Multiple Choice

Which of the following statements regarding the sales comparison approach to appraisal is TRUE?

• A)As a "rule of thumb" transactions involving foreclosures should be discounted by 10 percent
• B)The comparable buildings' characteristics are more important than the comparable properties' location for performing the sales comparison
• C)The comparable sales must involve transactions between unrelated individuals
• D)The only factors important for comparable analysis are property size,building size,age of the building,and the condition of building

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Definitions:

Maintenance Role

In group dynamics, this refers to actions and behaviors a group member exhibits to support the emotional life and cohesion of the group.

Harmonizing

The process of making things compatible or consistent; reducing conflict or disagreement among elements to create a coherent whole.

Consensus Testing

A method used to evaluate the degree of agreement among group members regarding a certain topic or decision.

Worker Competency

Refers to the ability of employees to meet job requirements, including skills, knowledge, and behaviors required for effective job performance.