Under what circumstances might market condition adjustments be unnecessary?

• A. When market data show no difference in value for that feature.
• B. When market data show a clear difference in value.
• C. Only during economic downturns.
• D. Only when the appraiser wants to.

Answer: (A)

The idea being tested is that adjustments for market conditions are only made when the market demonstrates a value difference for a feature. If the market data show no difference in value for that feature, then no market condition adjustment is necessary. This reflects that adjustments should be grounded in actual buyer responses observed in comparable sales; when comps indicate buyers treat two properties the same for that aspect, the adjustment would be zero and effectively not applied. Conversely, if data show a difference in value, an adjustment would be warranted to bring the subject in line with the observed market, and adjustments are driven by market evidence—not personal preference or a desire to adjust during a downturn.