Property Valuation
In the sales comparison approach, 'comparables' (comps) should be:
AProperties listed for sale in any state
BRecently sold properties that are similar to the subject property in size, location, and condition✓ Correct
CTax assessments of nearby properties
DProperties with the highest recent sales prices
Explanation
Comparables (comps) in the sales comparison approach are recently sold properties that are similar to the subject property in key characteristics such as size, location, age, and condition.
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