Property Valuation
When using the sales comparison approach, an appraiser makes adjustments to comparable sales prices because:
AAll comparable sales must be within one mile of the subject property
BNo two properties are exactly alike, so differences must be quantified✓ Correct
CThe sales price is always lower than market value
DAdjustments account for the appraiser's fee
Explanation
Because no two properties are identical, an appraiser makes dollar adjustments to the comparable sales to account for differences between the comparables and the subject property (e.g., square footage, amenities, condition). The adjusted values of the comparables bracket the subject's value.
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