Property Valuation (alternative)
The 'price per square foot' metric in Maryland real estate analysis is a:
ADefinitive and absolute measure of value
BUseful comparative tool but can be misleading without considering property quality, condition, and other factors✓ Correct
CThe sole basis for SDAT assessments
DNot used in modern appraisal practice
Explanation
Price per square foot is a useful quick comparison tool, but it oversimplifies value. Quality, condition, lot size, amenities, and location significantly affect value beyond just square footage.
Related Maryland Property Valuation (alternative) Questions
- An appraiser determining the value of a Maryland bowling alley would MOST likely use which approach?
- A Maryland appraiser includes a limiting condition in their report stating that the appraisal assumes no environmental hazards exist. This is called a(n):
- Maryland appraisers are required by USPAP to disclose when:
- A Maryland appraiser notes that the subject property has a 'superadequacy.' This means the property has:
- Depreciation in a Maryland appraisal (cost approach) includes all of the following EXCEPT:
- In the income approach to appraisal, 'effective gross income' is calculated as:
- Functional obsolescence in a Maryland home appraisal refers to:
- In Maryland appraisal, 'market conditions' adjustment to comparable sales reflects:
Practice More Maryland Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Maryland Quiz →