Real estate agents at a national agency meet on a weekly basis to discuss property pricing. With repossessed homes, the proper procedure for pricing is for three real estate agents to agree on a selling price. This is an example of ____________.

Question

Quizplus · Accepted Answer

Percent agreement is used in measurement systems analysis to provider inter-rater agreement.
Key Takeaway: Percent agreement is a methodology used in measurement systems analysis to provider inter-rater agreement. In this example, after the review of current housing prices in similar conditions and under similar repossession, agreement amongst real estate agents must be reached before appraisal is adopted.

Real Estate Agents at a National Agency Meet on a Weekly