Property Valuation
In Missouri, the sales comparison approach requires a minimum of how many comparable sales?
AOne
BThere is no minimum, but three is the customary standard✓ Correct
CTen
DExactly five
Explanation
While there is no absolute legal minimum, appraisal practice (and lender requirements) typically require at least three comparable sales in the sales comparison approach.
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- When comparing Missouri residential properties, a '3/2 split' and a '3/2 ranch' may have different values primarily because:
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