medium · National Real Estate Exam
In the sales comparison approach, 'net adjustments' refer to the sum of all adjustments considering their positive or negative signs, while 'gross adjustments' refer to:
- The price of the property before any adjustments are made
- The total of all adjustments regardless of whether they were additions or subtractions
- The value of the improvements excluding the land
- Adjustments made before considering the location factor
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