Property Valuation
An Alaska appraiser adjusts a comparable sale downward by $10,000 because the comparable has a garage and the subject does not. This adjustment suggests the market values a garage at approximately:
A$5,000
B$10,000✓ Correct
C$15,000
D$20,000
Explanation
If the comparable (with a garage) is adjusted down by $10,000 to account for the garage that the subject lacks, this reflects the appraiser's estimate that the market values a garage at approximately $10,000. The adjustment makes the comparable equivalent to the subject.
Related Alaska Property Valuation Questions
- In Alaska, an appraiser estimating the value of a large tract of remote land may use the 'subdivision analysis' approach, which involves:
- An Alaska property with a 40-year-old structure in excellent condition has an effective age of 15 years. This reflects the principle that:
- Which of the following property types would an appraiser MOST likely value using only the income approach?
- An Alaska appraiser finds that a property's 'as-if-complete' value assumes:
- In Alaska, when two appraisers value the same property and reach different conclusions, the most likely explanation is:
- A 'drive-by' or exterior-only appraisal in Alaska is formally known as a:
- What does 'plottage value' mean in Alaska real estate?
- In the income approach, 'effective gross income' (EGI) is calculated as:
Practice More Alaska Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Alaska Quiz →