Property Valuation
In the sales comparison approach, a time adjustment is made when:
AThe comparable sold at a different time of day
BMarket conditions have changed between the comparable's sale date and the appraisal's effective date✓ Correct
CThe comparable is in a different time zone
DThe sale was in a different month
Explanation
A time adjustment (market conditions adjustment) accounts for changes in market values between the comparable's sale date and the effective appraisal date. In rising markets, older sales are adjusted upward.
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