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Which of the following statements regarding rural land appraisers making adjustments for varying land sizes between the subject and comparable sales is FALSE? (1) Small

Which of the following statements regarding rural land appraisers making adjustments for varying land sizes between the subject and comparable sales is FALSE? (1) Small parcels tend to have a higher value per acre than larger properties. (2) Using a standard value per acre unit of comparison for appraising acreages means you need no size adjustment, in that scale economies are already accounted for. (3) A table of land size adjustment factors may assist the appraiser in making size adjustments. (4) All else equal, when working with dissimilar sized rural properties, the appraiser must consider if a size adjustment is warranted.

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