A comparable sale sold 26 months before the effective date of appraisal in a market that is

increasing at 3% per year (on a straight-line basis). What is the market conditions adjustment for this

comparable sale?

a) 0.12%

b) 0.25%

c) 3.00%

d) 6.50%

The subject property was built in 2010, and a comparable property was built in 1995. Assuming that

new buildings are preferred over old ones, the adjustment for age of improvement in this case would

be

a) Positive

b) Negative

c) No adjustment

d) Sometimes negative but sometimes positive, depending on the client

In an appraisal with qualitative analysis, the sales comparison analysis would include

a) Dollar ($) adjustments

b) Percentage (%) adjustments

c) Inferior or superior labels

d) Dollar ($) adjustments to the price per square foot of gross building area