Property Valuation
A Kentucky appraiser who discovers that a comparable sale price was influenced by unusual financing (such as a seller concession of 10% of price) should:
AUse the sale without adjustment
BAdjust the comparable sale price to reflect market-equivalent financing✓ Correct
CAutomatically exclude the sale
DReport the financing arrangement to KREC
Explanation
When a comparable sale involved non-market financing (unusual concessions, below-market interest rates), the appraiser should adjust the sale price to remove the financing's influence on the transaction price.
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