Understand the transactional analysis procedure.
Recognize the basic steps in the sales comparison approach.Identify the relationship of market analysis to the valuation-by-comparison process.Identify appropriate units of comparison for various property types.Apply several units of comparison to a single property.Identify the elements commonly used to assess property comparability.Identify commonly used methods for extracting and supporting adjustments to comparable sales.Recognize the techniques that are effective for making adjustments for specific elements of comparison.Understand the use of quantitative analysis techniques.Recognize valuation situations that involve qualitative analysis.