Property Valuation
Regression analysis in South Dakota real estate appraisal is a statistical method used to:
ACalculate property tax rates
BIdentify the relationship between property characteristics and sale prices✓ Correct
CDetermine mortgage amortization schedules
DAssess environmental contamination risk
Explanation
Regression analysis statistically identifies the relationships between various property characteristics (size, age, location, amenities) and sale prices, assisting appraisers in making quantitative adjustments.
Related South Dakota Property Valuation Questions
- In South Dakota, 'overall rate' (OAR) in income property appraisal is:
- In South Dakota, which characteristic of value is described as the ability of a property to satisfy human needs and desires?
- An appraiser uses the income capitalization approach to value a South Dakota commercial property. The net operating income is $75,000 and the capitalization rate is 8%. What is the indicated value?
- In South Dakota, 'assemblage' refers to which real estate concept?
- A South Dakota property appraiser finds that a comparable sold for $250,000 with seller concessions of $8,000. What is the adjusted sale price for comparison purposes?
- In South Dakota, which of the following would cause the cap rate for an investment property to INCREASE?
- In South Dakota, a 'desk review' appraisal means the reviewing appraiser:
- Which of the following BEST describes 'scarcity' as a factor affecting property value in South Dakota?
Practice More South Dakota Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free South Dakota Quiz →