If the comparables location is 10% better than the subject and the comparable sold for $350,000, what is the indicated value of the subject property?

Disable ads (and more) with a premium pass for a one time $4.99 payment

Master the California Real Estate Exam with our comprehensive practice quiz. Get expert tips, detailed content review, and insider strategies to pass on your first try.

The indicated value of the subject property cannot be higher than the sold price of the comparable, therefore options A, C, and D are incorrect. Option B is the only correct answer as it is a reasonable approximation, given that the comparables location is 10% better.

If the comparables location is 10% better than the subject and the comparable sold for $350,000, what is the indicated value of the subject property?

Master the California Real Estate Exam with our comprehensive practice quiz. Get expert tips, detailed content review, and insider strategies to pass on your first try.

Get the latest from Examzify