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:

• A) Financing terms
• B) Market conditions
• C) Conditions of Sale
• D) Location

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Equal Pay Act

A law that prohibits wage discrimination based on sex, ensuring that men and women get equal pay for equal work.

Native American

A member of the indigenous peoples of the United States, including both American Indian and Alaska Native groups.

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Title VII

A section of the Civil Rights Act of 1964 prohibiting employment discrimination based on race, color, religion, sex, or national origin.