Valuation
Sales Comparison Approach
A concise definition for the California Real Estate Exam study guide.
Definition
Estimates value by comparing the subject property to recent sales of similar properties (comparables), adjusting for differences. Adjustments go to the comparable, not the subject.
Why it matters on the California real estate exam
Know the definition, recognize how the term appears in a fact pattern, and compare it with related concepts before choosing an answer.
Study this topic in context
Read the related chapter for the surrounding concepts, examples, and exam tips.
Chapter 6: Valuation & Appraisal →