Property Valuation
In Indiana, the sales comparison approach requires a minimum of how many comparable sales for a residential appraisal?
A1 comparable
B2 comparables
C3 comparables✓ Correct
D5 comparables
Explanation
FNMA guidelines and USPAP standards generally require a minimum of 3 comparable sales in residential appraisals, though appraisers may include more for additional support. In limited markets, fewer comps may be used with additional justification.
Related Indiana Property Valuation Questions
- The principle of substitution in Indiana real estate appraisal holds that:
- Indiana's commercial real estate capitalization rates have historically been influenced by which factors?
- An Indiana appraiser who determines the highest and best use 'as if vacant' is asking:
- An Indiana broker submits a broker price opinion (BPO) for a bank. A BPO differs from an appraisal in that:
- Indiana's Assessment Ratio Study (ARS) measures:
- When an Indiana commercial tenant has an above-market lease (paying more than market rent), the property value from the leased fee interest would typically be:
- In an Indiana appraisal, extraordinary assumptions are:
- Depreciation in appraisal means:
Practice More Indiana Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Indiana Quiz →