Property Valuation
An NC appraiser analyzing a condominium uses which modification to the sales comparison approach?
AComparable condos are adjusted only for square footage
BComparables should be other condos (not single-family homes) with adjustments for floor level, view, parking, and HOA fees✓ Correct
COnly the cost approach is used for condos
DCap rates from apartment buildings are used
Explanation
Condominium appraisals use comparable condo sales with adjustments for unit-specific features like floor level, view, parking, and the impact of HOA fees on value.
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