Property Valuation
Which of the following best describes an arm's length transaction used as a comparable sale?
AA sale between family members at a discounted price
BA sale between unrelated parties where both are acting voluntarily in their own best interest✓ Correct
CA foreclosure sale
DA sale where one party is under financial duress
Explanation
An arm's length transaction involves unrelated parties who both have reasonable knowledge of market conditions and are acting in their own best interest without pressure.
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