An appraiser documents a market-conditions adjustment with one sentence: 'the market is rising, so 4% was applied.' A reviewer's objection would be:
Correct Answer
D) The rate lacks shown support — no paired data, resales or trend analysis cited
A claim that the market is rising supports neither the 4% magnitude nor its applicable interval. Provide relevant data, methods and reasoning for the amount, including contract-to-effective-date changes. Paired sales, models, indices or other accepted evidence may be appropriate; no one method is mandatory.
Why This Is the Correct Answer
A claim that the market is rising supports neither the 4% magnitude nor its applicable interval. Provide relevant data, methods and reasoning for the amount, including contract-to-effective-date changes. Paired sales, models, indices or other accepted evidence may be appropriate; no one method is mandatory.
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