Real Estate Math
An appraiser finds three comparable sales at $305,000, $318,000, and $299,000 after adjustments. If reconciled to the average, what is the indicated value?
A$305,000
B$307,333✓ Correct
C$310,000
D$308,000
Explanation
Average: ($305,000 + $318,000 + $299,000) ÷ 3 = $922,000 ÷ 3 = $307,333. Using the values given ($305,000,, $318,000,), apply the appropriate formula..
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