Question 1
In a relocation appraisal, what is the primary criterion for selecting a comparable sale?
Correct Answer:
The comparable should reflect similar market conditions, location, and physical characteristics to the subject
Question 2
When making a dollar adjustment for a swimming pool that the comparable has but the subject lacks, the adjustment to the comparable's sale price would be:
Correct Answer:
Negative, subtracting the pool's contributory value from the comparable's price
Question 3
What does the term 'net adjustment' mean when applied to a comparable sale?
Correct Answer:
The algebraic sum of all positive and negative adjustments applied to a comparable
Question 4
Under ERC appraisal guidelines, what is the maximum recommended time frame for comparable sales used in a relocation appraisal in a stable market?
Correct Answer:
6 months
Question 5
Which type of adjustment accounts for the difference in sale date between the comparable and the effective date of the appraisal?
Correct Answer:
Market conditions (time) adjustment
Question 1
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About this Exam

Prepare with the Certified Relocation Professional Appraiser (CRPA) practice quiz. This question bank includes 30 questions covering relocation, professional, appraisal, comparable, and crpa. Use it to review important concepts, identify knowledge gaps, and build confidence for the related exam, course, or assessment.

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Certified Relocation Professional Appraiser (CRPA)

This practice set contains 30 questions from the matching question bank and focuses on relocation, professional, appraisal, comparable, and crpa. 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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