Property Valuation
In Kansas, 'exposure time' in a real estate appraisal refers to:
AThe time the property has been listed publicly
BThe estimated period the property would have been marketed prior to the appraisal's value date to achieve the appraised value✓ Correct
CHow long the appraiser spends at the property
DThe time between contract and closing
Explanation
Exposure time is a retrospective estimate of how long a property would have needed to be marketed before the appraisal date to sell at the appraised value under prevailing market conditions.
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