Property Valuation
In Arizona, the URAR form used for residential appraisals requires the appraiser to report the 'neighborhood' based on:
AThe appraiser's personal preferences
BObjective characteristics including location, boundaries, land use, value trends, and market conditions✓ Correct
CThe seller's description of the area
DCensus tract data only
Explanation
URAR requires objective neighborhood analysis based on location, boundaries, characteristics, land use, price ranges, value trends, and market conditions—not subjective opinions. Appraisers must analyze neighborhoods without regard to demographic composition.
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