Property Valuation
When appraising a North Dakota property, a 'paired sales analysis' is used to:
APair a residential property with a nearby commercial property
BIsolate and quantify the value contribution of a single feature by comparing otherwise identical sales✓ Correct
CMatch buyers and sellers in the Fargo market
DPair an appraiser with a trainee for educational purposes
Explanation
Paired sales analysis (also called matched pair analysis) uses two comparable sales that are identical except for one feature to isolate and measure the market value contribution of that single characteristic.
Related North Dakota Property Valuation Questions
- A North Dakota appraiser must disclose a prior service relationship with a party to the transaction in their appraisal report because:
- The income approach to value uses which formula?
- In the cost approach to value, reproduction cost differs from replacement cost because:
- A North Dakota appraiser must disclose a material error discovered after submitting the appraisal report. This is required under:
- Which type of depreciation is ALWAYS incurable?
- Which appraisal principle states that the value of a property is affected by the values of surrounding properties?
- In a North Dakota appraisal, the 'effective age' of a building may differ from its actual age because:
- Which of the following would MOST likely cause an upward adjustment when comparing a comp to the subject property?
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