Which element of comparison deals with the conditions of sale?

• A. Conditions of sale
• B. Location
• C. Financing terms
• D. Physical characteristics

Answer: (A)

In comparing properties, the terms under which a sale occurred are what “conditions of sale” describe. This includes whether the sale was cash or financed, any seller concessions, contingencies, or other special arrangements that could sway the price. That focus on how the sale was arranged is why it best fits the question. Location, financing terms, and physical characteristics each cover other aspects: location is where the property sits and how that affects value; financing terms look at how the buyer paid or the loan details; physical characteristics are the tangible features of the property. Adjusting for sale conditions ensures a fair comparison by accounting for differences in how each transaction was structured.