Property Valuation
An 'arm's length transaction' in Colorado real estate appraisal means:
AA transaction involving physical measurement of the property
BA transaction between unrelated parties, each acting in their own best interest without undue pressure✓ Correct
CA transaction where buyer and seller are represented by attorneys
DA transaction where both parties agree on a predetermined price
Explanation
An arm's length transaction involves unrelated parties, each acting in their own best interest without undue duress or influence. Such transactions reflect true market value and are the basis for valid comparable sales in appraisal.
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