Property Valuation
A Massachusetts appraiser identifies a comparable sale that closed 18 months ago. The appraiser should:
AUse it without adjustment as a reliable comparable
BApply a time adjustment to account for market changes since the sale✓ Correct
CDiscard it as too old and irrelevant
DAverage its value with current listings
Explanation
Appraisers must adjust older comparable sales for changes in market conditions between the comparable's sale date and the appraisal date (time adjustment or market condition adjustment).
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