Property Valuation
An Alaska appraiser must report all values within a 'reasonable range' to avoid a USPAP violation for:
AReporting a single point value
BReporting a value that falls outside the range indicated by the comparable sales✓ Correct
CReporting a value higher than the assessed value
DFailing to use three comparable sales
Explanation
A value conclusion that falls significantly outside the range indicated by the adjusted comparable sales may lack support. Under USPAP, appraisers must ensure their conclusions are supported by market evidence. A well-supported value will typically fall within the range of the adjusted comparable sales.
Related Alaska Property Valuation Questions
- In Alaska, a property's 'insurable value' differs from its 'market value' because insurable value:
- Which of the following property types would an appraiser MOST likely value using only the income approach?
- Which of the following is TRUE about appraisal independence requirements for federally regulated lenders in Alaska?
- External obsolescence in a property appraisal refers to depreciation caused by:
- In Alaska, the value added by a swimming pool to a residential property may be less than its construction cost because of the principle of:
- In Alaska, the principle of substitution states that:
- In Alaska, the 'mortgage-equity' (Ellwood) technique is an income approach method that considers:
- An Alaska appraiser who makes a 'negative 5% condition adjustment' to a comparable means:
Practice More Alaska Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Alaska Quiz →