Property Valuation
In the sales comparison approach, a 'time adjustment' is made when:
AThe comparable sale occurred in a different season
BMarket conditions have changed between the date of the comparable sale and the effective date of the appraisal✓ Correct
CThe comparable has more bedrooms than the subject
DThe comparable was sold at a foreclosure auction
Explanation
Time adjustments account for changes in market conditions between when a comparable sold and the effective date of the appraisal, reflecting appreciation or depreciation trends in the market.
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