Property Valuation
What is the purpose of 'paired sales analysis' in the sales comparison approach to appraisal?
ATo compare two properties with different values
BTo isolate the value contribution of a single feature by finding two properties that are identical except for that feature✓ Correct
CTo average the values of two comparable sales
DTo identify the best and worst comps
Explanation
Paired sales analysis identifies the market value of a specific feature (e.g.
Related Idaho Property Valuation Questions
- What is a 'market rent study' and when is it needed in Idaho?
- What is 'highest and best use' in real estate appraisal?
- What is the 'income capitalization approach' best suited for in Idaho?
- Which of the following would be considered a physical characteristic affecting property value?
- When using the sales comparison approach, an appraiser makes adjustments for differences. If the subject property has 3 bedrooms and the comparable has 4 bedrooms (with each bedroom worth $10,000), the appraiser should:
- The principle of substitution states that a buyer will pay no more for a property than:
- The 'before and after' method is used in which appraisal situation?
- When an appraiser makes a positive adjustment to a comparable sale, it means:
Practice More Idaho Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Idaho Quiz →