While there is no specific number of comparables that is required for every appraisal assignment, how many comparable sales are considered adequate as long as the properties are very similar to the subject property?
A) One
B) Three
C) Five
D) Ten

Question

Quizplus · Accepted Answer

While there is no set number of comparable sales required for each appraisal, three is generally considered the minimum number of comparable sales required, as these provide more reliable results than relying on a single sale. However, if the three comparable sales are not sufficient or are not very similar to the subject property, additional comparables may be necessary.

While There Is No Specific Number of Comparables That Is