Final answer:
The term 'adjustment' refers to the change in value used to estimate market value of a property by comparing and contrasting its features with those of similar properties.
Step-by-step explanation:
Adjustment in Real Estate Comparisons
The increase or decrease in value that helps estimate market value of a property by comparing its features to those of comparable sales is referred to as c. adjustment. When estimating the market value of real estate, appraisers will make adjustments to the sales prices of comparable properties to account for differences between those properties and the subject property. They do this to provide the most accurate estimate possible. The adjustment process is crucial as it allows for a fair comparison based on the unique features and conditions of each property. An example of this would be adjusting the market value of a home that has an additional bathroom compared to a nearly identical home without one.