he coefficient of determination, r ², can be "forced" to be higher by adding independent variables even if the association between some of the independent variables and the dependent variable is weak.

Question 14 options:

1)

True

2)

False

Question 15 (2 points)

If there must be a trade-off between more comparable house size and more comparable lot size, the bias should be toward selecting the comparables closer in respect to house size, since house size generally contributes a larger percentage of total value.

Question 15 options:

1)

True

2)

False

Question 16 (2 points)

Multiplicative percentage adjustments are calculated by

Question 16 options:

1)	Adding of all adjustments by dollar amount.

2)	Multiplying percentage adjustments.

3)	Subtracting percentages from comparable sales price.

4)	Sequentially dividing the adjustment percentages.

Question 17 (2 points)

Which method for determining an adjustment in the sales comparison approach uses data from two sales where only one difference between the properties is present?

Question 17 options:

1)	Regression analysis.

2)	Matched pairs.

3)	Building residual.

4)	Lump sum adjustment.

Question 18 (2 points)

The adjustments used in the market approach can be obtained by the use of

Question 18 options:

1)	Matched pairs.

2)	Multiple regression.

3)	Cost data.

4)	All of the above.

Question 19 (2 points)

The value added or lost by the presence or absence of a physical item in a comparable property usually equals the cost of installing or removing the item.

Question 19 options:

1)

True

2)

False

Question 20 (2 points)

Cost data can be used as the basis for making an adjustment to a comparable property in the sales comparison approach. Which of the following statements relating to the use of cost data is false?

Question 20 options:

1)	Cost data can be easily obtained.

2)	The use of cost data eliminates some of the subjectivity surrounding arriving at adjustments.

3)	Cost data reflects market demand.

4)	Care must be taken that the cost data has been kept up to date and applies to the area being used.