Applying no market conditions adjustment to comparables requires:
Correct Answer
C) Evidence that the market was stable over the period
Why this is correct: A zero market conditions adjustment is a conclusion that must be supported by evidence, not an automatic default. As the original explanation states, stability must be demonstrated using data such as median price trends, sales volume, and days on market over the relevant time period. Why the other choices are wrong: The client's written agreement is not a substitute for market evidence. Using sales less than a year old does not, by itself, prove stability; the market could have moved within that year. Requiring all comparables to have sold in the same month is impractical and not a standard requirement for a zero adjustment. Exam tip: 'No adjustment' requires positive proof of stability, not just the absence of data.
Why This Is the Correct Answer
Why this is correct: A zero market conditions adjustment is a conclusion that must be supported by evidence, not an automatic default. As the original explanation states, stability must be demonstrated using data such as median price trends, sales volume, and days on market over the relevant time period. Why the other choices are wrong: The client's written agreement is not a substitute for market evidence. Using sales less than a year old does not, by itself, prove stability; the market could have moved within that year. Requiring all comparables to have sold in the same month is impractical and not a standard requirement for a zero adjustment. Exam tip: 'No adjustment' requires positive proof of stability, not just the absence of data.
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