Property Valuation
In Montana, when an appraiser uses 'external comparable sales' from outside the immediate market area, they must:
ANever use sales from outside the subject's neighborhood
BUse them only for cost approach support
CJustify their use and make appropriate adjustments for market differences✓ Correct
DGet Board of Realty Regulation approval
Explanation
When local comparable sales are insufficient, appraisers may use comparable sales from competing or similar markets, but must justify their use and make appropriate adjustments for any location or market condition differences.
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