Property Valuation
In NC appraisal practice, 'paired sales analysis' is used to:
ACompare two appraisers' opinions of value
BIsolate the value contribution of a single feature by comparing sales that differ only in that feature✓ Correct
CMatch buyers and sellers in a market area
DDetermine the average price per square foot in a neighborhood
Explanation
Paired sales analysis compares two similar sales that differ in only one feature to isolate and quantify the market value contribution of that specific feature.
Related North Carolina Property Valuation Questions
- NC appraisers are required to be licensed or certified by which state body?
- The 'economic characteristics' of an income-producing property that affect its NC appraisal include:
- In the sales comparison approach, an adjustment is made for a feature the comparable has but the subject lacks. This is:
- A NC appraiser who determines that a property's highest and best use is for residential development rather than the current agricultural use would reflect this in:
- In the cost approach, what term describes the loss in value due to factors outside the property boundaries, such as a nearby industrial plant?
- The principle of 'conformity' in NC real estate value states that:
- An 'as-is' appraisal value for a NC property with deferred maintenance reflects:
- An appraiser completing a sales comparison approach for a home in Chapel Hill finds a comparable that sold 8 months ago. The appraiser must make a:
Practice More North Carolina Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free North Carolina Quiz →