Property Valuation
A Virginia appraiser discovers a 'seller concession' was included in a comparable sale that inflated the sale price. The appraiser should:
AUse the stated sale price without adjustment
BAdjust the comparable downward to account for the seller concession✓ Correct
CExclude the sale from the analysis
DReport the seller to VREB
Explanation
Seller concessions (closing cost credits, rate buydowns) inflated into the sale price must be netted out. The appraiser reduces the comparable's adjusted sale price by the amount of the concession to reflect true market value.
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