Florida Real Estate Practice Exam

How might you use the data from Comparable A and B to determine a list price range for the clients' home?

1. Find the average of the adjusted sales prices of Comparable A and Comparable B.

2. Give more weight to the list price on Comparable A, because it's lower.

3. Give more weight to the list price on Comparable B, because the subject property will likely sell more quickly at this higher price.

4. Give more weight to the list price on the comparable that's most similar to the property.

The correct answer is: Give more weight to the list price on the comparable that's most similar to the property.

Using the data from Comparable A and B, the most accurate way to determine a list price range for the clients' home would be to give more weight to the list price on the comparable that is most similar to the property. This is because the comparable that is most similar to the property would likely have the most accurate and relevant data for determining a suitable list price range. Option A, finding the average of the adjusted sales prices of Comparable A and B, may not account for any unique features or characteristics of the clients' home that could affect the list price. Option B and C, giving more weight to the list price based on its relative value or likelihood of selling quickly, may not accurately reflect the true value of the property. Therefore, Option D is the best approach for using the data from Comparable A and B to determine a list price range for the clients' home.