Question: please answer questions #7-9 thanks Question 7 (0.5 points) You have been asked to review three statistical models which will be used to calculate the
Question 7 (0.5 points) You have been asked to review three statistical models which will be used to calculate the appraised value for multi-family properties in Boston. Based on the statistics provided below which model would you select. Model 3011 has an RSquare of .154 and an adjusted Square of.021 Model 710: has an RSquare of.954 and an adjusted R Square of 921 Model 445: has an RSquare of .025 and an adjusted R Square of 121 Model 221: has an R Square of 954 and an adjusted R Square of.923 Model 555: has an R Square of.525 and an adjusted Square of 501 19 Model 555 Model 301 Model 221 O Model 110 Model 445 Question 8 (1 point) In selecting comparables for an appraisal. Which would be of greatest concern to the appraiser? That the comparable and subject have the same number of rooms. That the comparable and subject are in the same or similar neighborhood. That the comparable and subject have very similar appliances That the comparable and subject have within 1x the same interior floor space That the comparable and subject have the same size lot within 5% of the total area Question 9 (1 point) Which is generally true about appraisals in real estate? They are exact numbers because mortgage lenders require certainty before underwing a morte An appraisal value once established does not change for a significant period of time often lasting years All appraisals must be reviewed by the State Department of Consumer Affairs They are estimates generally with an accuracy of a 5.10% Appraisalt must be conducted by the city or town assessor. Question 7 (0.5 points) You have been asked to review three statistical models which will be used to calculate the appraised value for multi-family properties in Boston. Based on the statistics provided below which model would you select. Model 3011 has an RSquare of .154 and an adjusted Square of.021 Model 710: has an RSquare of.954 and an adjusted R Square of 921 Model 445: has an RSquare of .025 and an adjusted R Square of 121 Model 221: has an R Square of 954 and an adjusted R Square of.923 Model 555: has an R Square of.525 and an adjusted Square of 501 19 Model 555 Model 301 Model 221 O Model 110 Model 445 Question 8 (1 point) In selecting comparables for an appraisal. Which would be of greatest concern to the appraiser? That the comparable and subject have the same number of rooms. That the comparable and subject are in the same or similar neighborhood. That the comparable and subject have very similar appliances That the comparable and subject have within 1x the same interior floor space That the comparable and subject have the same size lot within 5% of the total area Question 9 (1 point) Which is generally true about appraisals in real estate? They are exact numbers because mortgage lenders require certainty before underwing a morte An appraisal value once established does not change for a significant period of time often lasting years All appraisals must be reviewed by the State Department of Consumer Affairs They are estimates generally with an accuracy of a 5.10% Appraisalt must be conducted by the city or town assessor
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