Property Valuation
In the sales comparison approach, a Montana appraiser makes a downward adjustment to a comparable sale when the comparable has a feature that the subject property lacks. This is because:
ADownward adjustments increase the comparable's value
BThe comparable is superior in that feature and must be adjusted down to match the subject✓ Correct
CDownward adjustments reflect market conditions, not property features
DThe appraiser is required to make equal adjustments in both directions
Explanation
When a comparable has a superior feature that the subject lacks (e.g.
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