Property Valuation
Paired sales analysis in Oklahoma appraisal is used to:
ACompare two different appraisal methods
BIsolate the contribution of a single feature by comparing similar properties with and without that feature✓ Correct
CAverage the prices of all comparable sales
DDetermine the tax assessment ratio
Explanation
Paired sales analysis isolates the value contribution of a single property feature (e.g., a garage, swimming pool) by comparing sales of otherwise similar properties that differ only in that feature.
Related Oklahoma Property Valuation Questions
- Market value is defined as the most probable price a property will bring under which conditions?
- When an appraiser uses the cost approach, what is added to the site value to determine the property's total value?
- Accrued depreciation in the cost approach to appraisal is the sum of:
- External obsolescence differs from functional obsolescence in that external obsolescence:
- An Oklahoma appraiser reconciles the three approaches to value by:
- An Oklahoma appraisal that comes in below the contract price can result in:
- An Oklahoma appraiser who uses a comparable sale that is more than one mile from the subject property in a densely developed suburban area should:
- When using the sales comparison approach, an appraiser finds a comparable that sold for $300,000. The comparable has a 2-car garage worth $10,000 but the subject property does not. The appraiser should:
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