Property Valuation
In Montana, 'market conditions adjustments' in the sales comparison approach account for:
ADifferences in property size between the subject and comparable
BChanges in market values between the date of a comparable sale and the effective date of the appraisal✓ Correct
CDifferences in location between properties
DThe appraiser's personal market opinion
Explanation
Market conditions adjustments (also called 'time adjustments') account for the fact that comparable sales occurred at different dates than the appraisal effective date. If values have changed between a comp's sale date and the appraisal date, an adjustment reflects that change.
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