Property Valuation
A Wyoming appraiser notes that a comparable sale occurred 8 months ago. Comparable sales adjustments for time (market conditions) are necessary when:
AAll sales must be adjusted regardless of market stability
BThe market has changed significantly since the comparable sale✓ Correct
CThe property sold within the same county only
DThe comparable is within one mile of the subject property
Explanation
Time adjustments (market conditions adjustments) are necessary when real estate market values have changed since the date of the comparable sale. If the market is stable, no adjustment may be needed.
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