How to Identify Comparable Real Estate Sales

Instructions:

Choose an answer and hit 'next'. You will receive your score and answers at the end.

question 1 of 3

Which of the following is TRUE of comparable sales?

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1. What unit of measurement is typically used to compare residential real estate properties?

2. Which of the following considerations is part of the general market information used to determine property values?

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About This Quiz & Worksheet

Locating comparable real estate sales is vital when buying or selling property. See what you know about the methods and attributes of comparable properties by using the quiz/worksheet combo.

Quiz & Worksheet Goals

You can take the quiz to see what you know about:

  • A requirement for a comparable sale
  • Unit of measurement that is typically used to compare residential real estate properties
  • An easement which might appear on a comparable property
  • Property with an encumbrance on it regarding comparable sales
  • A consideration part of the general market information used to determine property values

Skills Practiced

  • Reading comprehension - ensure that you draw the most important information from the lesson on comparable real estate sales
  • Information recall - access the knowledge you have gained about what comparable sales must be
  • Knowledge application - use your knowledge to answer questions about comparable sales and property value

Additional Learning

Learn more by using the lesson named How to Identify Comparable Real Estate Sales. You can analyze more topics like:

  • Another name for comparable sales
  • Factors that influence the value of real estate
  • What an appraiser does
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