Reading...
Play button
Play button
Use LEFT and RIGHT arrow keys to navigate between flashcards;
Use UP and DOWN arrow keys to flip the card;
H to show hint;
A reads text to speech;
15 Cards in this Set
- Front
- Back
|
Bracketing
|
narrowing a possible range of value by setting lower & upper limits of value
|
|
|
Date of value estimate
|
a basic assumption behind the value that the value is as of a given date
|
|
|
Gross adjustment
|
an adjustment or total adjustments ignoring negative signs; the absolute value of adjustments
|
|
|
Grouped data analysis
|
a quantitative method of sales comparison where groups are studied in pairs of independent variables (e.g. date of sale, size) to ID dependent variables (e.g. price psf)
|
|
|
Net adjustment
|
the adjustment to a comparable after netting positive & negative adjustments
|
|
|
Paired data analysis
|
deriving adjustments by comparing two comparables that are similar except for one feature
|
|
|
Point estimate
|
a single value estimate chosen from a potential range of value
|
|
|
Qualitative analysis
|
analyzing comparables without quantifying the adjustments or indicating a value from some other quantitative means
|
|
|
Quantitative adjustment
|
adjusting to value using a method that either shows the adjustment or uses some other mathematical or modeling to show the indicated value for a property
|
|
|
Range of value
|
a value array that states from a low to high value
|
|
|
Ranking analysis
|
a qualitative technique to derive value where the sales are ranked from worst to best or best to worse & the subject analyzed within the array
|
|
|
Reconciliation
|
the process leading to the conclusion of a value range or estimate
|
|
|
Relative comparison analysis
|
use of inferior, superior, or equal in analyzing sales without resorting to quantifying adjustments
|
|
|
Unit of comparison
|
the comparative basis for analyzing sales, e.g. per sf, per room, per unit, or even per lot, or per house, etc.
|
|
|
Weighting
|
assigning more or less reliability or leanings to various comparables by assigning numbers to each, then dividing by the total numbers added, or by assigning various % to the indications that add to 100%
|
