Property Valuation
An Indiana appraiser who adjusts a comparable sale for market conditions is making a:
AGross adjustment
BTime adjustment (market conditions adjustment) to account for appreciation or depreciation between the comparable's sale date and the appraisal's effective date✓ Correct
CLocation adjustment
DPhysical condition adjustment
Explanation
A time/market conditions adjustment accounts for changes in market values between the date the comparable sold and the effective date of the appraisal, reflecting market appreciation or depreciation during the intervening period.
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