Property Valuation
A Nebraska appraiser notes a comparable sale occurred 8 months ago. Current market conditions have appreciated 3% since then. The appraiser should apply a:
AMarket conditions adjustment (time adjustment)✓ Correct
BLocation adjustment
CSize adjustment
DNo adjustment needed
Explanation
Market conditions (time) adjustments account for changes in property values between the comparable's sale date and the appraisal date. An 8-month-old sale in an appreciating market needs upward adjustment.
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