General Appraiser Sales Comparison
Approach 2026 Exam Questions and
Answers | A+ Score Assured
Unverified sales data gathered from a local multiple listing service would be
considered ________ data.
Primary
Secondary
Public
Tertiary - 🧠 ANSWER ✔✔Secondary
In reconciling the data in the Sales Comparison Approach, the appraiser
should:
,-Ensure that the most reliable data is given the most weight
-Make as few adjustments as possible in order to make the analysis appear
more credible
-Reconcile to the high end of the range to help the client achieve his/her
goals
-Reconcile to the center of the range so as not to be accused of bias - 🧠
ANSWER ✔✔Ensure that the most reliable data is given the most weight
An appraiser who is making numeric dollar adjustments to the sales prices
of comparable properties is performing what type of analysis?
Qualitative
Quantitative
Paired data
Cost and benefit - 🧠 ANSWER ✔✔Quantitative
When appraisal principles are followed and due diligence is properly
implemented, what is the resulting benefit to the appraiser?
-The appraiser's liability is completely eliminated
-Most appraisal errors can be eliminated
,-The reconciliation process becomes unnecessary
-The appraisal report becomes more lengthy and the appraiser can charge
a higher fee - 🧠 ANSWER ✔✔Most appraisal errors can be eliminated
Which term describes the most profitable use to which a property can be
put?
Commercial use
End use
Highest and best use
Interim use - 🧠 ANSWER ✔✔Highest and best use
A vacant land property sold for $180,000. Six months later, it re-sold for
$169,000. No improvements were made to the property during this period.
What is the indicated monthly adjustment for market conditions?
+6%
-6%
+1%
-1% - 🧠 ANSWER ✔✔-1%
COPYRIGHT©NINJANERD 2025/2026. YEAR PUBLISHED 2025. COMPANY REGISTRATION NUMBER: 619652435. TERMS OF USE. PRIVACY
STATEMENT. ALL RIGHTS RESERVED
3
, A comparable property sold for $400,000. In the sales comparison grid, it is
adjusted downward 5% for property rights, downward 10% for financing
terms, and upward 15% for market conditions. What is the dollar
adjustment for property rights conveyed?
$20,000
$36,000
$18,000
$38,000 - 🧠 ANSWER ✔✔$20,000
A buyer of a property is unable to obtain typical market financing, so the
seller agrees to carry the financing for the buyer at below-market terms. It
is likely that the sale price of this property is going to be _________ than it
would have been if typical market financing had been utilized.
Any of these
Lower
The same as
Higher - 🧠 ANSWER ✔✔Higher
Approach 2026 Exam Questions and
Answers | A+ Score Assured
Unverified sales data gathered from a local multiple listing service would be
considered ________ data.
Primary
Secondary
Public
Tertiary - 🧠 ANSWER ✔✔Secondary
In reconciling the data in the Sales Comparison Approach, the appraiser
should:
,-Ensure that the most reliable data is given the most weight
-Make as few adjustments as possible in order to make the analysis appear
more credible
-Reconcile to the high end of the range to help the client achieve his/her
goals
-Reconcile to the center of the range so as not to be accused of bias - 🧠
ANSWER ✔✔Ensure that the most reliable data is given the most weight
An appraiser who is making numeric dollar adjustments to the sales prices
of comparable properties is performing what type of analysis?
Qualitative
Quantitative
Paired data
Cost and benefit - 🧠 ANSWER ✔✔Quantitative
When appraisal principles are followed and due diligence is properly
implemented, what is the resulting benefit to the appraiser?
-The appraiser's liability is completely eliminated
-Most appraisal errors can be eliminated
,-The reconciliation process becomes unnecessary
-The appraisal report becomes more lengthy and the appraiser can charge
a higher fee - 🧠 ANSWER ✔✔Most appraisal errors can be eliminated
Which term describes the most profitable use to which a property can be
put?
Commercial use
End use
Highest and best use
Interim use - 🧠 ANSWER ✔✔Highest and best use
A vacant land property sold for $180,000. Six months later, it re-sold for
$169,000. No improvements were made to the property during this period.
What is the indicated monthly adjustment for market conditions?
+6%
-6%
+1%
-1% - 🧠 ANSWER ✔✔-1%
COPYRIGHT©NINJANERD 2025/2026. YEAR PUBLISHED 2025. COMPANY REGISTRATION NUMBER: 619652435. TERMS OF USE. PRIVACY
STATEMENT. ALL RIGHTS RESERVED
3
, A comparable property sold for $400,000. In the sales comparison grid, it is
adjusted downward 5% for property rights, downward 10% for financing
terms, and upward 15% for market conditions. What is the dollar
adjustment for property rights conveyed?
$20,000
$36,000
$18,000
$38,000 - 🧠 ANSWER ✔✔$20,000
A buyer of a property is unable to obtain typical market financing, so the
seller agrees to carry the financing for the buyer at below-market terms. It
is likely that the sale price of this property is going to be _________ than it
would have been if typical market financing had been utilized.
Any of these
Lower
The same as
Higher - 🧠 ANSWER ✔✔Higher
