Property Valuation
A Nevada appraiser adjusts a comparable sale upward by $15,000 for the subject property's superior view of the Las Vegas Strip. What does this adjustment indicate?
AThe comparable is superior to the subject and needs a downward adjustment
BThe comparable lacks the Strip view that the subject has, so the comparable's price is adjusted upward to make it equivalent to the subject✓ Correct
CThe subject's value should be reduced by $15,000
DStrip views have no value in appraisals and should not be adjusted
Explanation
When the subject property has a superior feature (Strip view) that the comparable lacks, the appraiser adds value to the comparable to make it equivalent to the subject. This upward adjustment reflects what buyers would pay for the Strip view.
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