10 free Appraiser practice questions in the real exam format, covering the official content areas, with an explanation for every answer.
Appraiser Practice Test 9Tutor mode
Question 1 of 10
Sales Comparison Approach
The subject has no garage. Comparable 1, otherwise similar, sold for $342,000 and has a detached two-car garage. The garage would cost $28,000 to replace new. It was built 20 years ago, but after a new roof and doors its effective age is 12 years, and its total economic life is 40 years. Local agents report that buyers pay about depreciated cost for garages. What is Comparable 1's adjusted sale price for the garage difference?