Property Valuation
When performing a comparative market analysis (CMA) in Michigan, which adjustment is made to comparable sales?
AAdd value to the subject for features comparables have that subjects lack
BAdjust the comparable's price to account for differences with the subject property✓ Correct
COnly adjust for lot size differences
DAdjust only for time of sale differences
Explanation
In a CMA, adjustments are made to the comparable properties' sales prices (not the subject) to account for differences. If a comp has a feature the subject lacks, a negative adjustment is made; if subject has a feature the comp lacks, a positive adjustment is applied.
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