Property Valuation
In Louisiana appraisal, 'arms-length transaction' means a sale between:
ATwo parties who are physically close together during the transaction
BUnrelated, independent parties with no special relationship, each acting in their own self-interest✓ Correct
CA buyer and seller who have previously done business together
DA Louisiana and an out-of-state party
Explanation
An arms-length transaction is one between independent parties with no special relationship (family, business affiliation), acting without duress, in their own self-interest. Appraisers seek arms-length sales for reliable comparable data.
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