Which of these statements is FALSE about property time selection?

The statement indicating that once selected, property time cannot be changed is false because, in practice, property time selection can be updated as needed. Users often have the flexibility to modify the selected time for various analysis and reporting purposes, allowing for adjustments based on new data, changing market conditions, or shifting analytical requirements.

This flexibility is essential in investment and property management, as it enables stakeholders to respond to evolving circumstances and ensure that their analyses remain relevant and accurate. Therefore, the ability to update property time selection is an integral feature that enhances the functionality of property analysis tools.

The other statements reflect correct practices regarding property time selection: it must be established before classifying properties to ensure consistent data alignment, and it is also common for all properties to maintain the same selected time for cohesive analysis, although there are exceptions based on specific requirements or features within software tools.