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Real Estate Licensing NCREC-Broker-N Exam - Topic 1 Question 19 Discussion

[Listing Price and Terms -- Appraisal Process]Which of the following will an appraiser consider when appraising a property?
D) A reconciliation of values if more than one appraisal method is used
A) The cost to update the subject property
B) The original price paid for the property
C) The average value of all available comparables

Real Estate Licensing NCREC-Broker-N Exam - Topic 1 Question 19 Discussion

Actual exam question for Real Estate Licensing's NCREC-Broker-N exam
Question #: 19
Topic #: 1
[All NCREC-Broker-N Questions]

[Listing Price and Terms -- Appraisal Process]

Which of the following will an appraiser consider when appraising a property?

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Suggested Answer: D

When using more than one approach to value (sales comparison, cost, and income), an appraiser must reconcile the results, weighting each method based on its relevance to the subject property. The original purchase price and average of all comps are not directly used in determining value. The cost to update may factor into adjustments but is not a primary valuation method. Therefore, the correct answer is D.

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by Stephaine at Jul 19, 2026, 02:57 AM

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Flo
1 day ago
I thought they only focused on current market trends.
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Nydia
6 days ago
Reconciliation of values is key if using multiple methods!
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Terrilyn
12 days ago
Wait, they care about the original price? That seems odd.
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Rutha
17 days ago
Definitely, they consider the cost to update too.
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Mariko
22 days ago
Appraisers look at comparables for sure!
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Chana
27 days ago
I vaguely recall that if multiple appraisal methods are used, a reconciliation of values is necessary, so D could be a strong choice.
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Sheron
1 month ago
I feel like the original price paid for the property could be relevant, but it might not reflect the current market value.
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Carole
1 month ago
I remember something about comparables being crucial in appraisals, so I might lean towards option C.
upvoted 0 times
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Jerry
1 month ago
I think the appraiser looks at the cost to update the property, but I'm not sure if that's the most important factor.
upvoted 0 times
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