The best method to determine fair market value is:
Correct Answer
B) 28/36 Rule
A professional appraisal conducted by a licensed or certified appraiser under the Uniform Standards of Professional Appraisal Practice (USPAP) is universally recognized by lenders, courts, and government agencies as the most reliable determination of fair market value. USPAP, developed by the Appraisal Standards Board, requires appraisers to consider all three valuation approaches and to document their reasoning, creating a transparent, auditable opinion of value. No other method listed combines professional judgment, regulatory oversight, and multi-approach analysis in the same rigorous way.
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