Value Indicators in Reconciliation

Instructions:

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

question 1 of 3

_____ is the final step in the valuation process of an appraisal.

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1. A value indicator is something that can _____ a final value up or down based on certain attributes.

2. The _____ comparable data available, the better in determining a final value.

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About This Quiz & Worksheet

Make sure you'll do well on this quiz and worksheet about value indicators in reconciliation. You should have knowledge of comparable properties, related definitions, and relevant phrases.

Quiz & Worksheet Goals

Monitor your knowledge of the following areas:

  • Understanding the relationship between comparable data and final value
  • Likely feature of properties valued with a wide range by an appraiser
  • The final step in an appraisal's valuation process
  • The definition of relevant when speaking of comparable properties
  • How a value indicator affects final value

Skills Practiced

  • Knowledge application - use your knowledge to answer questions about a value with a wide range
  • Making connections - use understanding of the concept of a final value and comparable data
  • Defining key concepts - ensure that you can accurately define a main phrase, such as relevant, in terms of comparable properties

Additional Learning

Value Indicators in Reconciliation is the companion lesson covering this real estate topic. Learn more about the following areas:

  • Steps in an appraisal
  • Factors that can give you better results in an appraisal
  • The definition of reconciliation in regards to property appraisal
  • How to determine if a comparable property is accurate
  • An example of the reconciliation process
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