Property Valuation Financial AnalysisAppraisal_methodsHARD
When a comparable sale used in an appraisal was not an arm’s length transaction, this affects the:
Correct Answer
B) value of the subject property.
Non-arm's length transactions require adjustment as they may not reflect true market value.
Answer Options
A
demand for the subject property.B
value of the subject property.C
highest and best use of the subject property.D
scarcity of the subject property.Audio Lesson3 min
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Related Topics & Key Terms
Related Topics:
highest-and-best-use-analysissales-comparison-approachmarket-value-principlesappraisal-adjustments
Key Terms:
arm's length transactionhighest and best useUSPAPcomparable salesappraisal methodology
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