Property Valuation
An Alaska appraiser who makes a 'negative 5% condition adjustment' to a comparable means:
AThe subject property is in worse condition than the comparable
BThe comparable is in better condition than the subject, so its price is adjusted down to equal the subject's lower-condition value✓ Correct
CThe market is declining by 5% per year
DThe subject property needs 5% more in repairs
Explanation
A negative adjustment reduces the comparable's value to make it equivalent to the subject. If the comparable is in better condition (superior feature), the comparable's price is reduced (negative adjustment) to estimate what it would have sold for had it been in the same condition as the subject.
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