Property Valuation
When an appraiser makes adjustments in the sales comparison approach, they adjust the:
ASubject property's value up or down
BComparable sales prices to be more like the subject property✓ Correct
CThe listing price of the subject
DThe tax assessed value
Explanation
In the sales comparison approach, the appraiser adjusts the comparable sale prices (not the subject) to account for differences between the comparable and the subject. If a comparable is inferior to the subject in some feature, a positive adjustment is added to the comparable's sale price. If the comparable is superior, a negative adjustment is made. The goal is to estimate what each comparable would have sold for if it were identical to the subject.
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