Which type of adjustment specifically accounts for differences between comparable properties?

The correct answer focuses on the concept of making monetary modifications to account for variances in features or characteristics between properties being compared during an appraisal process. Specifically, dollar adjustments are used to align the value of a comparable property with that of the subject property by quantifying the differences in value that various aspects, such as location, size, condition, or amenities, may present.

When appraising real estate, the goal is to derive a fair market value for the subject property by comparing it with similar properties, or comparables, that have recently sold. If a comparable property lacks a feature that the subject property includes, a dollar adjustment is added to the value of the comparable to reflect the perceived increase in value that the missing feature would provide. Conversely, if the comparable has a feature that the subject property lacks, the appraiser would subtract value with a dollar adjustment to accurately represent what the subject property is worth.

This monetary approach ensures that the adjusted values of the comparable properties create an accurate and equitable basis for determining the subject property's market value.