Property Valuation
In the sales comparison approach, 'bracketing' means:
AUsing comparable sales that are both superior and inferior to the subject property
BUsing only sales from the same neighborhood as the subject property
CAdjusting comparables for time of sale only
DUsing the highest and lowest appraised values from prior appraisals✓ Correct
Explanation
Bracketing is the practice of selecting comparable sales that include properties both superior and inferior to the subject property, so that the adjustments result in values that bracket (span above and below) the subject's probable value.
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