In a Florida sales-comparison problem, a comparable sold for $465,000. The comparable is inferior to the subject in one item requiring a +$12,000 adjustment and superior in another item requiring a -$7,000 adjustment. What is the adjusted sale price of the comparable?
Correct Answer
B) $470,000
Start with the comparable's sale price, add upward adjustments, and subtract downward adjustments: $465,000 + $12,000 - $7,000 = $470,000.
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