When conducting a CMA, which properties should be given the highest weighting in the analysis?
Correct Answer
C) Recent sales of the properties most similar to the subject
Recently sold properties that are most similar to the subject property in terms of size, condition, location, and features should receive the highest weighting in a CMA. Similarity and recency of sale data provide the most reliable basis for comparison and valuation.
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In applying the summation approach to value a heritage-listed property in Sydney, which additional factor must be specifically considered?
When conducting a property valuation in Queensland, what is the most critical consideration regarding comparable sales data?
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