Property Valuation
An appraiser applying time adjustments to a Wyoming comparable sale is accounting for:
AThe time it took to complete the appraisal
BMarket conditions differences between the date the comparable sold and the effective date of the appraisal✓ Correct
CThe age of the comparable property
DThe time value of money using a discount rate
Explanation
Time (market conditions) adjustments account for changes in market conditions between the date a comparable sold and the effective date of the appraisal. If the market has appreciated 5% since the comparable sold, a 5% positive time adjustment is applied to the comparable's sale price.
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