A comparable property has a feature that the subject property lacks. Under the market data approach, how will an appraiser treat this feature?
A. The feature is identified in the appraisal report but disregarded in the valuation
B. The feature's value is added to the value of the subject
C. The feature's value is subtracted from the value of the comparable
D. The feature's value is subtracted from the value of the subject
Answer: C. The feature's value is subtracted from the value of the comparable
Explanation: In the market data approach (the sales comparison approach), the value of a feature that the subject property lacks is subtracted from the comparable's sales price (the value of the comparable) so that the adjusted price more closely approximates the value of the subject.
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