Reconciling Indicated Value with the Sales Comparison Approach


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question 1 of 3

Which of the following can appraisers use to come up with a property's value?

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1. Which of the following is NOT something used to reconcile an appraisal value?

2. Appraisers can give _____ to justify their value for a piece of property.

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About This Quiz & Worksheet

Knowledge of appraisal factors when reconciling value can help you pass this quiz. Try taking the quiz now to get instant feedback.

Quiz & Worksheet Goals

Use the questions to see what you know about:

  • A factor appraisers can use to come up with an appraisal value
  • The comparison of another property with similar attributes to the property at hand
  • What appraisers can give to justify value for a property
  • Factors or tools not used to reconcile an appraisal value
  • Determining the price of appraisal from the price of another property

Skills Practiced

By reviewing this topic you can practice these skills:

  • Knowledge application - use your knowledge to answer questions about an appraisal value factor
  • Information recall - access the knowledge you've gained regarding justifying property value
  • Making connections - use understanding of the concept of appraisal and property prices

Additional Learning

Reconciling Indicated Value With the Sales Comparison Approach is the partner lesson to this quiz and worksheet, and it can help you learn more about:

  • Things that must be reconciled once an appraiser has completed their appraisal
  • Why adjustments must be made to a property in property valuation
  • The definition of reconciliation