Property Valuation
In Arizona's competitive real estate market, when multiple comparable sales exist, an appraiser should give the greatest weight to:
AThe lowest sale price among comparables to ensure conservative valuation
BThe most recently sold, most geographically proximate, and most physically similar comparables to the subject property✓ Correct
CThe comparable with the highest sale price to maximize the appraisal
DComparables involving new construction only
Explanation
Appraisers weight comparables based on their similarity to the subject: recency of sale (more recent = more reflective of current market), proximity (same neighborhood = more similar market conditions), and physical similarity (size, age, condition, features). The most similar recent nearby sales receive the most weight.
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