Property Valuation
An appraiser adjusting comparable sales for North Dakota property condition differences uses the principle that:
AAll properties in the same neighborhood have equal value
BThe inferior comparable is adjusted upward and the superior comparable is adjusted downward✓ Correct
COnly new construction needs adjustment
DCondition adjustments are never made in the sales comparison approach
Explanation
In the sales comparison approach, if a comparable is inferior to the subject in a given attribute, the comparable's price is adjusted upward. If the comparable is superior, its price is adjusted downward to reflect what it would have sold for if it matched the subject.
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