Property Valuation
A Missouri appraiser adjusts a comparable sale for time because:
AThe market changes and older sales may not reflect current value✓ Correct
BAppraisers are required to use only the most recent sales
CTime adjustments increase the subject's value
DMREC requires monthly adjustments
Explanation
Time (market conditions) adjustments account for price changes between the date of a comparable sale and the effective date of the appraisal. In an appreciating market, older comps are adjusted upward.
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