Which factors are used to determine the adjustments made to comparable sales?

The correct answer highlights the significance of understanding the differences between properties when making adjustments to comparable sales.

In real estate appraisal, it's essential to recognize that no two properties are identical; they each have unique characteristics that can impact their value. These differences can include factors such as location, size, condition, age, and amenities, among others. By carefully analyzing these differences, an appraiser can make informed adjustments to the sale prices of comparable properties to arrive at a more accurate value for the subject property.

Considering the other factors mentioned, while location and age, condition and size, as well as sales price and time on the market are important elements in the appraisal process, they are aspects of the broader concept of the differences between properties. The core idea is that the adjustments stem from a detailed examination of how these various attributes differentiate one property from another, ultimately guiding the appraiser in arriving at a fair market value for the property in question. Understanding the nuances of these differences is fundamental to effective appraisal practices.