An appraiser makes the following adjustments to Comparable Sale 1: +28,000, +35,000, -12,000, +8,000, -15,500. What is the net adjustment?

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Master the Mckissock General Appraiser Sales Comparison Approach Test with comprehensive quizzes and explanations. Enhance your skills in the appraiser profession and pass your exam with confidence!

Multiple Choice

An appraiser makes the following adjustments to Comparable Sale 1: +28,000, +35,000, -12,000, +8,000, -15,500. What is the net adjustment?

Explanation:
In the Sales Comparison Approach, you determine the net adjustment by summing all adjustments, keeping the signs. Positive adjustments add value, negative adjustments subtract value. Here, add the positives: 28,000 + 35,000 + 8,000 = 71,000. Add the negatives: -12,000 - 15,500 = -27,500. The net adjustment is 71,000 + (-27,500) = 43,500. So the net adjustment is +$43,500, which is the option showing +$43,500. The other numbers would come from mis-summing the signs or omitting an adjustment.

In the Sales Comparison Approach, you determine the net adjustment by summing all adjustments, keeping the signs. Positive adjustments add value, negative adjustments subtract value.

Here, add the positives: 28,000 + 35,000 + 8,000 = 71,000. Add the negatives: -12,000 - 15,500 = -27,500. The net adjustment is 71,000 + (-27,500) = 43,500.

So the net adjustment is +$43,500, which is the option showing +$43,500. The other numbers would come from mis-summing the signs or omitting an adjustment.

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