Property Valuation (alternative)
In Maryland appraisal, 'market conditions' adjustment to comparable sales reflects:
AThe difference in lot sizes between comparables
BPrice changes due to the passage of time and changing market supply/demand conditions✓ Correct
CThe difference in bedroom count
DCommission changes over time
Explanation
Market conditions (time) adjustments account for price appreciation or depreciation between the date of a comparable sale and the effective date of the appraisal.
Related Maryland Property Valuation (alternative) Questions
- In Maryland, the income capitalization approach values property by:
- For a Maryland property near the Washington DC suburbs with high demand, a 'market rent' analysis would use:
- In Maryland, the 'economic rent' of a property refers to:
- Maryland's assessment appeals process begins with a request for a hearing with:
- In Maryland, an appraiser values a rental property's parking facility by analyzing comparable sales with and without parking. This is called:
- When appraising a Maryland property, which factor makes a comparable sale the LEAST useful?
- A Maryland appraiser who uses three comparable sales with adjusted values of $380,000, $385,000, and $390,000 should reconcile to a value:
- An appraiser in Maryland who is asked to use a specific comparable by the lender should:
Practice More Maryland Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Maryland Quiz →