Adjustments for Physical Characteristics Are Intended to Capture the Dimensions

question 5

Multiple Choice

Adjustments for physical characteristics are intended to capture the dimensions in which a comparable property differs physically from the subject property.If the only physical difference between the subject property and the comparable is that the comparable does not have a fireplace,which of the following adjustments should take place?

• A)The transaction price of the comparable property should be adjusted downward.
• B)The transaction price of the comparable property should be adjusted upward.
• C)The transaction price of the comparable property should not be adjusted.
• D)There is no way to estimate the price of the subject property.

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Definitions:

Delivery Charge

A fee charged for the delivery of goods or services to a recipient's location.

Cash Discount

A reduction in the price of an item or service offered to a buyer for immediate payment or within a predefined time.

Freight Charges

Costs associated with transporting goods from one place to another.

Discount Date

The specified date on which a discount is applied or becomes effective, often used in the context of payments or billing.