Property Valuation
In a declining market, an Arizona appraiser must consider:
AOnly the most recent comparable sales to reflect current market conditions✓ Correct
BOnly sales from 12 months ago to smooth out fluctuations
CListing prices as evidence of value
DSales from competing markets to supplement local data
Explanation
In a declining (or rapidly changing) market, the appraiser must give greatest weight to the most recent comparable sales because they best reflect current market conditions and value trends.
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