Qualitative Adjustments of Real Estate Sales Comparisons


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question 1 of 3

Relative comparison is a _____ type of property assessment.

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1. Which valuation process puts the property in question in between a superior property and an inferior property once the determination is made?

2. Another option to help valuate property is to conduct interviews with market participants which would consist of interviewing independent, _____ parties who are knowledgeable, willing, and able buyers and sellers in the most advantageous market.

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About This Quiz & Worksheet

This resource has questions on attributes, adjustment types and valuation processes, as well as other areas related to qualitative adjustments in sales comparisons. Test yourself with this worksheet, and see what you know.

Quiz & Worksheet Goals

Try this quiz to see what you know about:

  • The type of property assessment that is a relative comparison
  • Type of independent parties that are often interviewed to help valuate property
  • Valuation process that puts the selected property in between a superior and inferior property
  • Which adjustment type is easier to justify without support of a dollar amount
  • An attribute that is not used when looking at trend analysis

Skills Practiced

You'll practice:

  • Knowledge application - use your knowledge to answer questions about valuation processes that compare the selected property with other property
  • Interpreting information - verify that you can read information regarding attributes used for trend analysis and interpret it correctly
  • Information recall - access the knowledge you've gained regarding parties that can be interviewed when evaluating property

Additional Learning

You'll be able to learn more by using Qualitative Adjustments of Real Estate Sales Comparisons, the partner lesson to this quiz and worksheet. These areas are covered:

  • Advantages and disadvantages of qualitative analysis
  • The definition of bracketing in regards to qualitative adjustments
  • Disadvantages and advantages of quantitative analysis