Measuring Representation in Sales Market Models and Ratio Studies

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

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Aug 26th, 1:30 PM Aug 26th, 2:30 PM

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.