Property Valuation
An appraiser notes that a comparable sale has a 3-car garage while the subject has only a 2-car garage. The appraiser would make which adjustment to the comparable?
AA positive adjustment to the comparable
BA negative adjustment to the comparable✓ Correct
CNo adjustment since garages don't affect value
DAn upward adjustment to the subject property
Explanation
The comparable is superior (3 cars vs. 2 cars), so the comparable achieved a higher sale price due to that feature. The appraiser makes a negative (downward) adjustment to the comparable to remove the value attributed to the extra garage space, making the comparable more like the subject.
Related Oregon Property Valuation Questions
- An appraiser is comparing two Oregon properties: one on the east side of Portland (valued at $450,000) and one on the west side (valued at $650,000). The higher west-side value likely reflects:
- An appraiser is estimating a property's value using a gross rent multiplier (GRM) of 140. The monthly rent is $1,800. What is the estimated value?
- In Oregon, the county assessor values property for tax purposes using which value basis?
- In a formal appraisal report, the appraiser certifies that their opinion of value is independent and unbiased. This certification is required under:
- An appraiser estimating the value of a historic Portland craftsman home would most likely rely primarily on:
- A comparable sale in a competitive market analysis (CMA) is typically considered most reliable when it:
- Which of the following Oregon property types would MOST likely be appraised primarily using the cost approach?
- Under the cost approach, 'accrued depreciation' refers to:
Practice More Oregon Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Oregon Quiz →