Property Valuation
An appraiser's market value opinion assumes the most probable price a property would bring in a competitive open market under the following conditions EXCEPT:
ABuyer and seller are reasonably informed
BNeither party is under pressure to act
CThe buyer must purchase the property within 30 days✓ Correct
DPayment is made in cash or equivalent financing
Explanation
Market value assumes an open market transaction where buyer and seller are reasonably informed, acting in their own interest, and neither is under extraordinary pressure. Requiring the buyer to purchase within 30 days would constitute pressure or urgency that would compromise the market value definition.
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