Property Valuation
In a CMA (Comparative Market Analysis), a Louisiana REALTOR® adjusts comparable sales for differences in:
AThe personal property of the seller
BSize, condition, location, and amenities relative to the subject property✓ Correct
CCommission rates charged by other agents
DThe seller's outstanding mortgage balance
Explanation
A CMA adjusts comparable sales for differences in physical characteristics such as size, condition, location, age, and amenities to estimate a subject property's likely market value.
Related Louisiana Property Valuation Questions
- A Louisiana appraisal identifies that recent comparable sales indicate a market trend of 0.5% increase per month. A comparable sold 4 months ago for $250,000. The time-adjusted value of the comparable is:
- The 'reconciliation' step in a Louisiana appraisal requires the appraiser to:
- In the income approach, 'potential gross income' differs from 'effective gross income' because:
- Which of the following is an example of economic (external) obsolescence in a New Orleans property?
- In the cost approach to value, the appraiser estimates the value of the land:
- A Louisiana appraiser considers a property's 'plottage value' when:
- In Louisiana, property tax assessments are conducted by:
- Functional obsolescence that is considered 'curable' means:
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