Property Valuation
When appraising a historic property in Newport, Rhode Island, an appraiser using the sales comparison approach must ensure that comparable sales are adjusted for:
AListing price differences only
BTime, location, and physical differences between the subject and comparables✓ Correct
CTax assessment variations only
DAgent commission rates
Explanation
In the sales comparison approach, comparable sales must be adjusted for differences in time of sale, location, and physical characteristics to provide a reliable value indication for the subject property.
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