Unverified sales data gathered from a local multiple listing service would be considered primary data.

Unverified sales data gathered from a local multiple listing service would be considered primary data.

• A. True
• B. False
• C. Not Relevant
• D. Cannot Determine

Answer: (B)

In appraisal work, primary data are information you collect firsthand for the assignment, such as inspecting the property, observing conditions, or conducting interviews. Data gathered from an MLS are compiled by others and typically presented as reports or summaries, making them secondary data. Even if the MLS data aren’t verified, they still come from a secondary source rather than from the appraiser’s own observation or direct collection. Therefore, unverified sales data from an MLS would not be considered primary data.

In appraisal work, primary data are information you collect firsthand for the assignment, such as inspecting the property, observing conditions, or conducting interviews. Data gathered from an MLS are compiled by others and typically presented as reports or summaries, making them secondary data. Even if the MLS data aren’t verified, they still come from a secondary source rather than from the appraiser’s own observation or direct collection. Therefore, unverified sales data from an MLS would not be considered primary data.