Property Valuation
An Ohio appraiser identifies that a comparable sale closed 6 months ago and market values have risen 3% since then. The appraiser should make a:
ANegative time adjustment to the comparable
BPositive (upward) time adjustment to reflect the market change✓ Correct
CNo adjustment — time adjustments are not permitted
DNegative adjustment because older sales are less reliable
Explanation
If market values have increased since a comparable sale closed, the appraiser makes a positive time adjustment (market conditions adjustment) to the comparable's price to reflect current market levels.
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