Property Valuation
The subject property in an appraisal refers to:
AA comparable sale used in the analysis
BThe property being appraised✓ Correct
CThe subject of a dispute
DThe land underlying the improvements
Explanation
The subject property is the property that is being appraised and valued. All analysis, comparisons, and adjustments are made in relation to the subject property.
Related Georgia Property Valuation Questions
- The 'gross income multiplier' (GIM) is typically used for:
- A 'market value' definition in a appraisal context assumes:
- The 'economic life' of a building in appraisal is defined as:
- A Georgia appraisal shows that a comparable property sold for $315,000 with a two-car garage. The subject property has a one-car garage. The appraiser estimates that the difference in garage value is $8,000. The adjustment to the comparable is:
- In the income approach, 'potential gross income' (PGI) represents:
- The 'cost to cure' method of depreciation estimates functional obsolescence by calculating:
- The 'income approach' to value is MOST appropriate for:
- The 'cost approach' gives the most reliable indication of value when:
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