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Real Estate Licensing NCREC-Broker-N Exam - Topic 3 Question 18 Discussion

To equalize each comparable property to the subject property when performing the sales comparison approach, the appraiser should make adjustments to:
B) only the comparable properties.
A) both the subject and comparable properties.
C) the property being appraised.
D) only the subject property.

Real Estate Licensing NCREC-Broker-N Exam - Topic 3 Question 18 Discussion

Actual exam question for Real Estate Licensing's NCREC-Broker-N exam
Question #: 18
Topic #: 3
[All NCREC-Broker-N Questions]

To equalize each comparable property to the subject property when performing the sales comparison approach, the appraiser should make adjustments to:

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Suggested Answer: B

In the sales comparison approach, appraisers always make adjustments to the comparable properties --- never to the subject property --- to reflect how they differ from the subject. This ensures that all comparables are on an equal footing with the subject being appraised. Thus, answer B is correct.


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Marilynn
2 hours ago
I’m confused; I thought we only adjusted the subject property in some cases, but that doesn’t seem to fit here.
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Carmen
5 days ago
I feel like the adjustments are meant to make the comparables more like the subject, so it must be just the comparables, right?
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Elmira
10 days ago
I remember practicing a question like this, and I think it was about adjusting both properties, but that seems a bit off now.
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Shelton
16 days ago
I think we only adjust the comparable properties, but I'm not entirely sure if we ever touch the subject property itself.
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