Property Valuation
An Alaska appraiser finds that a property's 'as-if-complete' value assumes:
AThe property is in its current state as of the effective date
BProposed improvements have been completed as of the effective date of value✓ Correct
CAll potential buyers have been identified
DThe property has been listed for one year
Explanation
An 'as-if-complete' (prospective or hypothetical) value assumes that proposed construction or renovations have been completed as of the effective date. This value is used by lenders for construction loans and developers planning new projects. It is a hypothetical condition requiring disclosure.
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