Property Valuation
In Missouri, an appraiser who is asked to determine value for a lawsuit involving eminent domain would typically use which standard of value?
AAssessed value
BMarket value (fair market value)✓ Correct
CLiquidation value
DInvestment value
Explanation
Missouri eminent domain proceedings require just compensation based on market value (fair market value) — the price a willing buyer would pay a willing seller in an arm's-length transaction. This is the standard for condemnation cases.
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