Property Valuation
An appraiser finds that comparable sales in a Maryland neighborhood show a consistent upward trend of 0.5% per month. A sale from 4 months ago should receive a time adjustment of approximately:
A+0.5% on the comparable
B+2% on the comparable (4 months × 0.5%)✓ Correct
C-2% on the comparable
D+5% on the comparable
Explanation
If the market is appreciating at 0.5% per month, a sale from 4 months ago needs to be adjusted upward by approximately 4 × 0.
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