Which source generally provides the most reliable confirmation of a sale price?
Correct Answer
D) A recorded deed or a party to the transaction
Why this is correct: A recorded deed or a party to the transaction generally provides the most reliable confirmation of a sale price. These are primary sources directly connected to the closed transaction, as the original explanation states. Why the other choices are wrong: An automated valuation model estimate is a derived estimate, not a verified sale. A listing sheet shows asking price, not necessarily the closed price. An asking price in an advertisement is also not a confirmed sale price. Exam tip: For reliable sales data, go to the source: the recorded deed or a direct participant (buyer, seller, or agent).
Why This Is the Correct Answer
Why this is correct: A recorded deed or a party to the transaction generally provides the most reliable confirmation of a sale price. These are primary sources directly connected to the closed transaction, as the original explanation states. Why the other choices are wrong: An automated valuation model estimate is a derived estimate, not a verified sale. A listing sheet shows asking price, not necessarily the closed price. An asking price in an advertisement is also not a confirmed sale price. Exam tip: For reliable sales data, go to the source: the recorded deed or a direct participant (buyer, seller, or agent).
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