Property Valuation
What is 'comparables' (comps) in real estate?
AProperties currently listed for sale
BRecently sold properties similar to the subject property used to estimate value✓ Correct
CProperties owned by the same seller
DProperties with the same square footage
Explanation
Comparables (comps) are recently sold properties that are similar to the subject property in size, location, condition, and features. They are used in the sales comparison approach to estimate market value.
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