Question 1
When applying the sales comparison approach to a residential property, which adjustment is generally made FIRST in the typical sequence of adjustments?
Correct Answer:
Property rights conveyed
Question 2
A paired-sales analysis yields the following: Comp A (with garage) sold for $385,000; Comp B (no garage, otherwise identical) sold for $368,500 in the same market. What is the indicated adjustment for the garage?
Correct Answer:
$$16,500
Question 3
On the Fannie Mae Form 1004 grid, when a comparable sale is SUPERIOR to the subject in a given line item, the dollar adjustment is:
Correct Answer:
Subtracted from the comparable's sale price
Question 4
A subject property has 2,400 sq ft GLA. Comparable 1 has 2,200 sq ft GLA and sold for $440,000. Market analysis indicates GLA contributes approximately $85/sq ft. What is the size-adjusted price of Comparable 1?
Correct Answer:
$$457,000
Question 5
Which UAD condition rating describes a dwelling that has been recently completely renovated with virtually all major short-lived components updated?
Correct Answer:
C2
Question 1
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About this Exam

Prepare with the SRA Practice Questions - SRA Appraisal Institute Residential Designation Exam practice quiz. This question bank includes 100 questions covering appraisal, residential, property, report, and cost. Use it to review important concepts, identify knowledge gaps, and build confidence for the related exam, course, or assessment.

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SRA Practice Questions - SRA Appraisal Institute Residential Designation Exam

This practice set contains 100 questions from the matching question bank and focuses on appraisal, residential, property, report, and cost. Work through each question carefully, review the provided solutions, and revisit topics that need more study before your next attempt.

This is an independent study resource intended for practice and review; it is not an official examination or an endorsement by any organization named in the title.

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