Property Valuation
A Kentucky appraiser uses comparable sales from 8 months ago. In a rising market, the appraiser should:
AReject those comparables as too old
BApply a time adjustment to account for appreciation✓ Correct
CUse them without adjustment since they are under one year
DReduce their weight to zero in the reconciliation
Explanation
In a rising market, older comparable sales should receive a positive time adjustment to reflect subsequent appreciation. This ensures the value estimate reflects current market conditions rather than past prices.
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