Property Valuation
A Missouri appraiser using the sales comparison approach makes a negative adjustment for a feature the subject property lacks but the comparable has. This means:
AThe comparable's value is reduced to match the subject
BThe comparable's sale price is reduced to reflect what it would have sold for without that feature✓ Correct
CThe subject property's value is increased
DNo adjustment is needed
Explanation
In sales comparison adjustments, you adjust the comparable TO the subject. If the comparable has a feature the subject lacks (e.g., a pool), make a negative adjustment to the comparable's price — subtract what that feature is worth.
Related Missouri Property Valuation Questions
- An appraiser determines that a Missouri industrial property's highest and best use is residential development rather than its current industrial use. The appraiser should:
- In Missouri, the assessed value used for property taxes is based on:
- A Missouri appraiser completes an appraisal for mortgage purposes. The report format most commonly required by lenders is:
- A gross rent multiplier (GRM) for a Missouri rental property is calculated as:
- Reconciliation in the appraisal process involves:
- Plottage (assemblage) in Missouri refers to:
- Which of the following is NOT a step in the sales comparison approach used by Missouri appraisers?
- In Missouri appraisal, an adjustment is made to a comparable sale for a feature the subject property lacks. This adjustment is:
Practice More Missouri Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Missouri Quiz →