Real Estate Math
A Nevada appraiser makes a $5,000 positive adjustment to a comp for the subject's extra half-bath. What does this mean?
AThe subject is worth $5,000 less than the comp
BThe comp was $5,000 lower in value due to having one fewer half-bath; adding $5,000 to the comp's price adjusts it upward to reflect the subject's additional feature✓ Correct
CThe subject's value is reduced by $5,000
DThe comp had a half-bath and the subject didn't
Explanation
In the sales comparison approach, adjustments are made to comparable properties to make them more like the subject. A positive adjustment means the comp was inferior to the subject in that feature, so the comp's price is adjusted upward to reflect what it would have sold for with that feature.
Related Nevada Real Estate Math Questions
- A Nevada commercial building has a NOI of $95,000 and sells at a 6.5% cap rate. What is the sale price?
- A Nevada property has 8 units renting at $1,350/month each. The vacancy rate is 6%, expenses are $32,000/year. If it sells at a 5.5% cap rate, what is the approximate sale price?
- A Nevada seller pays $3,900 in transfer tax. In Clark County ($1.95/$500), what was the sale price?
- A Nevada agent earns a 3% commission on a $550,000 sale. The agent splits 50/50 with their broker. How much does the agent receive?
- A Nevada homeowner refinances a $300,000 mortgage at 6% for 30 years. Using a factor of $5.996 per $1,000, what is the monthly P&I payment?
- If a Nevada property's NOI increased from $60,000 to $66,000 and the cap rate remained at 6%, by how much did the property value increase?
- A Nevada home was purchased for $275,000. It sold for $350,000 after 4 years. What was the total percentage appreciation?
- A Nevada duplex generates $2,200/month per unit. With a vacancy rate of 8% and a GRM of 105 (monthly), what is the indicated value?
Practice More Nevada Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Nevada Quiz →