Property Valuation
In Tennessee, when an appraiser makes a 'positive adjustment' to a comparable sale, the appraiser is indicating that the comparable is:
ASuperior to the subject in that feature
BInferior to the subject in that feature✓ Correct
CEqual to the subject in that feature
DThe best comparable in the report
Explanation
In the sales comparison approach, positive adjustments are made to a comparable that is inferior to the subject. Adding value to the comparable brings it up to the subject's level, indicating the subject is worth more.
Related Tennessee Property Valuation Questions
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- The gross rent multiplier (GRM) approach is best suited for:
- An appraisal is performed 'as of' a specific date. This date is called the:
- Plottage (assemblage) refers to:
- Comparative Market Analysis (CMA) is typically prepared by a:
- A building has an economic life of 50 years and an effective age of 10 years. Its remaining economic life is:
- The principle of conformity states that value is maximized when:
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