Specific Data in appraisal refers to data collected about a particular subject property.

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

Specific Data in appraisal refers to data collected about a particular subject property.

Explanation:
Understanding data types in appraisal: specific data refers to information collected about the subject property itself. This includes property characteristics such as size, number of rooms, age, condition, improvements, lot size, zoning, legal constraints, utilities, and any unique attributes that affect value. These details are what set the subject apart from its comparables and are essential when making adjustments and reconciling value. General data, by contrast, covers market conditions, neighborhood trends, and data about other properties, not the subject. Because the statement describes data about the subject property, it is true.

Understanding data types in appraisal: specific data refers to information collected about the subject property itself. This includes property characteristics such as size, number of rooms, age, condition, improvements, lot size, zoning, legal constraints, utilities, and any unique attributes that affect value. These details are what set the subject apart from its comparables and are essential when making adjustments and reconciling value. General data, by contrast, covers market conditions, neighborhood trends, and data about other properties, not the subject. Because the statement describes data about the subject property, it is true.

Subscribe

Get the latest from Examzify

You can unsubscribe at any time. Read our privacy policy