When preparing a CMA for a condominium unit in Alberta, which adjustment would be most critical when comparing similar units?
Correct Answer
D) Floor level and view
Floor level and view differ from unit to unit and strongly affect what buyers pay, so they are key adjustments when comparing condominium units, especially within the same building. Higher floors with better views usually sell at a premium.
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When conducting a Comparative Market Analysis (CMA), what is the most important factor to consider when selecting comparable properties?
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