Property Valuation
A South Dakota property appraiser finds that a comparable sold for $250,000 with seller concessions of $8,000. What is the adjusted sale price for comparison purposes?
A$250,000
B$242,000✓ Correct
C$258,000
D$244,000
Explanation
Seller concessions must be subtracted from the sale price to reflect the true market value. Adjusted price = $250,000 − $8,000 = $242,000.
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