Nova Scotia Association of Realtors (NSAR) Salesperson License Practice Test

The correct choice is the Time Resale Method. This appraisal technique is specifically designed to make adjustments for differences in time when evaluating comparable sales. It acknowledges that the value of properties can change over time due to various market conditions, economic factors, or even seasonal variations.

In using the Time Resale Method, appraisers analyze sales data from similar properties that have been sold over different time frames. By adjusting for these differences, appraisers can arrive at a more accurate indication of current value, reflecting the most relevant market conditions.

Although the Cost Approach Method focuses on determining value based on the cost to replace or reproduce a property, it does not specifically account for time adjustments based on sales research. The Direct Comparison Method primarily involves comparing similar properties to ascertain value, but does not specifically emphasize time adjustments related to sales history. The Pair Sales Method looks at sales of similar properties to derive value but does not cover making time adjustments in the same targeted way as the Time Resale Method. Therefore, the Time Resale Method stands out as the appropriate choice for making time adjustments based on sales research.