Property Valuation
When comparing a property to a comparable sale that occurred 1 year ago in an appreciating market, an appraiser would make a:
ANegative time adjustment to the comparable
BPositive time adjustment to the comparable✓ Correct
CNo adjustment, since time is not a relevant factor
DAdjustment only if the comparable is more than 6 months old
Explanation
In an appreciating market, a comparable that sold 1 year ago would have sold at a lower price than today's market. A positive (upward) time adjustment is made to the comparable's sale price to account for appreciation, bringing the comparable closer to current market value.
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