Speaker Website
keenemac.com
Presentation Category
02 COLLECTING AND MAINTAINING PROPERTY DATA
General Session Description
One of the assumptions of sales-based valuation and ratio studies is that properties that sell adequately and proportionally represent unsold properties. How can we test the truth of this assumption? This session demonstrates two methods for determining the degree to which sales represent unsold properties and precisely identifying properties that are not represented by sales.
Audience Expertise
Intermediate (Ideal for the participant with a general knowledge within the areas covered.)
Location
Room 110/112
Start Date
8-26-2024 1:30 PM
End Date
8-26-2024 2:30 PM
Moderator
Rochelle Lambert, CCMA II, AAT, Mansfield, Connecticut
Measuring Representation in Sales Market Models and Ratio Studies
Room 110/112
One of the assumptions of sales-based valuation and ratio studies is that properties that sell adequately and proportionally represent unsold properties. How can we test the truth of this assumption? This session demonstrates two methods for determining the degree to which sales represent unsold properties and precisely identifying properties that are not represented by sales.
