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Estimating Value Using the Sales Comparison Approach

Instructions:

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

question 1 of 3

Which one of the following is NOT a sales comparison method to use to find the market value of a property.

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1. Which of the following is a market multiplier in considering the market value of a property using the sales comparison approach?

2. John wants to use the sales comparison approach on her property, what is one thing he would look at?

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About This Quiz & Worksheet

Why not use this resource to brush up on your real estate knowledge? To pass this test you'll have to know about factors for the sales comparison method, market multipliers, and related formulas.

Quiz & Worksheet Goals

While using the quiz you'll review:

  • How to describe the effective gross income multiplier for the sales comparison approach
  • A factor you would use for the sales comparison approach
  • Identification of market multipliers
  • Which market multiplier formulas appraisers should use
  • Knowing the sales comparison methods used to find market value of a property

Skills Practiced

Try using the worksheet to improve these skills:

  • Information recall - access the knowledge you've gained regarding sales comparison approach factors
  • Knowledge application - use your knowledge to answer questions about the effective gross income multiplier
  • Making connections - use understanding of the concept of market multiplier formula and sales comparison approach

Additional Learning

Estimating Value Using the Sales Comparison Approach can be used to review this topic and learn more about the sales comparison approach. In this accompanying lesson you'll cover:

  • Calculations and examples of market multiplier types
  • The definition of cap rate
  • The meaning of the sales comparison approach
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