Final answer:
The Appraisal Institute recommends a sequence of adjustments that includes identifying comparables, adjusting for differences, and analyzing the adjusted comparables.
Step-by-step explanation:
The Appraisal Institute recommends a specific sequence of adjustments when conducting an appraisal. The sequence includes:
- Identifying the comparables: This involves finding properties that are similar to the subject property being appraised.
- Adjusting for differences: Once the comparables are identified, adjustments are made to account for any differences between the subject property and the comparables.
- Analyzing the adjusted comparables: After making the necessary adjustments, the comparables are analyzed to determine the final value of the subject property.