Property Valuation
A comparable sale in Idaho sold for $310,000 six months ago. The market has appreciated 2% since then. What time adjustment is added to the comparable?
A$3,100
B$6,200✓ Correct
C$12,400
D$15,500
Explanation
Time adjustment = $310,000 × 2% = $6,200. The comparable is adjusted upward by $6,200 to reflect current market conditions.
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