Property Valuation
A Louisiana appraiser is valuing a historic New Orleans property using the sales comparison approach. Which of the following adjustments might be appropriate?
AAdjustments based on the protected class of the neighborhood's residents
BAdjustments for architectural style, lot size, condition, location, and date of sale differences between the comparables and the subject✓ Correct
CNo adjustments if comparables are in the same zip code
DAdjustments based on the appraiser's personal preference for certain styles
Explanation
Appropriate adjustments in the sales comparison approach are based on objective, market-supported differences between the comparables and the subject — including architectural style, condition, lot size, location advantages/disadvantages, and time-based market trend adjustments. Adjustments based on protected class characteristics are never appropriate.
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