In the sales comparison approach, each comparable sale ___________.

• A. Will produce its own indicated value
• B. Will produce a single final value
• C. Always requires identical adjustments
• D. Is the only factor in reconciliation

Answer: (A)

In the sales comparison approach, you adjust the sale prices of each comparable to reflect how they differ from the subject property. After those adjustments, each comparable sale yields its own indicated value for the subject—the adjusted price from that sale acts as a value opinion for the subject. The final value estimate comes from reconciling all these indications, not from any single sale. Adjustments don’t have to be identical, and reconciliation uses more than just the comparables, incorporating other market considerations and the weight of each indication.