Property Valuation
When using the sales comparison approach in Michigan, an appraiser must consider all of the following adjustments EXCEPT:
ALocation differences
BTime of sale (market conditions adjustment)
CThe seller's motivation for selling✓ Correct
DPhysical characteristics (size, condition, features)
Explanation
Standard sales comparison adjustments include location, market conditions (time), physical characteristics, and financing terms. The seller's personal motivation (divorce, job loss) is generally not a quantifiable adjustment — however, non-arm's-length sales should be excluded from the comp pool.
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