Property Valuation
The 'gross living area' (GLA) used in Alaska residential appraisals typically includes:
AAll finished space above grade, including attached garages
BAll finished, above-grade living space, excluding garages✓ Correct
CAll space in the house including unfinished basement areas
DOnly rooms with exterior windows
Explanation
Gross Living Area (GLA) measures finished, above-grade living space (excluding garages, unfinished areas, and below-grade areas). Consistency in GLA measurement is essential for meaningful comparisons between the subject and comparable properties.
Related Alaska Property Valuation Questions
- Gross Rent Multiplier (GRM) is calculated as:
- A 'drive-by' or exterior-only appraisal in Alaska is formally known as a:
- In the sales comparison approach, 'paired sales analysis' is used to:
- An Alaska appraiser must certify in their report that the appraisal was performed in accordance with:
- Under USPAP, an 'extraordinary assumption' in an appraisal is an assumption that:
- Under Alaska law, a property owner who believes their property has been over-assessed for tax purposes may:
- In Alaska, a 'desk review' of an appraisal is typically requested by lenders to:
- In Alaska, the 'allocation method' of land valuation estimates land value by:
Practice More Alaska Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Alaska Quiz →