This exam contains 10 questions. The exam is comprised of 2 Case Studies.
Case Study #1 is outlined in Question #1. Complete the Abstraction process and the Adjustment process, to be able to answer Questions #1 thru to Question #5.
Case Study #2 is outlined in Question #6. Complete the Abstraction process and the Adjustment process to be able to answer Questions #6 thru to Question #10.
This exam accounts for 40% of your total exam score. You have 45 minutes to complete the 2 Case Studies and the associated 10 Questions.
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Using the following Cost App. and Sales Grid, complete the Abstraction and the Adjustments for the Comparable Sales, and answer the following 4 questions. Note 15 Yr Eff Age = 15% Depreciation.
What is the Condition Adjustment required for Comparable #2?
What is the adjustment required (if any) for Comparable #2 for Outbuildings?
What is the appropriate Condition Adjustment for Comparable #3?
What is the appropriate adjustment (if any) for Outbuildings on Comparable #3?
Based on Abstraction what is the Mean of the Abstracted GLA Rates for the 3 comparbles?
Based on Abstraction, what is the Contributory Value for a Shed?
What is the estimated RCN of the dwelling and basic foundation for Comparble #2?