Property Valuation
An appraiser uses a 'bracketing' technique in the sales comparison approach by:
AA. Using only two comparable sales
BB. Selecting comparables that are both superior and inferior to the subject property to bracket its value✓ Correct
CC. Placing a price bracket around the subject's likely value before selecting comps
DD. Averaging the highest and lowest comp adjustments
Explanation
Bracketing involves selecting comparables that are both superior and inferior to the subject property, so that the subject falls between (is bracketed by) the adjusted values. This technique helps the appraiser logically arrive at a value conclusion.
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