Property Valuation
A Kansas appraiser adjusting for time of sale on a comparable property sold 12 months ago would:
AReduce the comparable's price because it is older
BAdjust the comparable upward or downward to reflect market value changes since the sale date✓ Correct
CReject the comparable as too old to use
DUse the sale price without adjustment
Explanation
Appraisers make time adjustments to comparable sales that occurred in a different market condition period, adjusting the price to reflect what the property would likely have sold for on the effective date of the appraisal.
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