ANALYSIS OF DETERMINANTS OF EXPOSURE TIME FOR LIQUIDATION VALUE AT THE PUBLIC APPRAISAL SERVICE OFFICE IN MEDAN CITY

Arbi Qirara M. Purba; Sugiharto Pujangkoro; Nazaruddin Nazaruddin

doi:10.53625/jirk.v2i6.3973

Authors

Arbi Qirara M. Purba Master in Property Management and Valuation, Universitas Sumatera Utara, Indonesia
Sugiharto Pujangkoro Master in Property Management and Valuation, Universitas Sumatera Utara, Indonesia
Nazaruddin Master in Property Management and Valuation, Universitas Sumatera Utara, Indonesia

DOI:

https://doi.org/10.53625/jirk.v2i6.3973

Keywords:

Exposure Time, Liquidation, Value

Abstract

The purpose of this research is to understand analysis of determinants of exposure time for liquidation value at the Public Appraisal Service Office in Medan City. This research is a correlationresearch. The population in this study are all the Public Appraisal Service Office in Medan City. Based on information as of April 17, 2020 from the Financial Professional Development Center, the number of the Public Appraisal Service Offices in Medan City is 28 offices. The method used in this sampling is saturated sampling. Researchers took the same number of samples as the population or called a census, namely the Public Appraisal Service Office in Medan City, represented by 3 appraisers from 1 the Public Appraisal Service Office in Medan City with a total sample of 84 people. The analysis method uses t-statistics (bootstrapping). The results show that location of the object has a positive and significant effect on exposure time for liquidation value at the Public Appraisal Service Office in Medan City. Type has a positive and significant effect on exposure time for liquidation value at the Public Appraisal Service Office in Medan City. Function or condition has a positive and not significant effect on exposure time for liquidation value at the Public Appraisal Service Office in Medan City. Market condition has a positive and not significant effect on exposure time for liquidation value at the Public Appraisal Service Office in Medan City.

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