medium · National Real Estate Exam valuation
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 unadjusted sales price of the property before adjustments are applied
- The total of all adjustments regardless of whether they were additions or subtractions
- The value attributable solely to the improvements, excluding the underlying land
- Adjustments made only before the location, condition, and other market factors are considered
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