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When Employing the Sales Comparison Approach, Appraisers Must Consider Numerous

question 2

Multiple Choice

When employing the sales comparison approach, appraisers must consider numerous adjustments to convert each comparable sale transaction into an approximation of the subject property. Adjustments are divided into two groups: transactional adjustments and property adjustments. All of the following are transactional adjustments EXCEPT:

Definitions:

Generations

Refers to different stages or iterations in the development of technology or products, often used to denote significant improvements or changes.

Subclass

In object-oriented programming, a class that is derived from another class (the superclass) and inherits its features but can also have additional properties or methods.

Modified Class

A class in object-oriented programming that has been altered or extended from its original definition to add new behaviors or modify existing ones.

Portability

The ease with which software, data, or services can be transferred and utilized on different hardware platforms, operating systems, or software applications.