Property Valuation
When a comparable sold 8 months ago and the market has appreciated at 0.5% per month, an appraiser would make a:
ADownward time adjustment to the comparable
BUpward (positive) time adjustment to the comparable✓ Correct
CNo adjustment because appreciation is speculative
DAdjustment based only on the list price change
Explanation
In an appreciating market, properties sold in the past are less valuable than today's prices, so an upward (positive) time adjustment is applied to bring the past sale up to current market conditions. Adjustment = 8 months × 0.5% = 4% upward.
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