Property Valuation
When appraising a property using the sales comparison approach, an appraiser should use comparables that:
AWere sold at the highest prices in the area
BAre similar in size, location, and condition and sold recently✓ Correct
CAre located in the same zip code regardless of condition
DWere listed, not necessarily sold
Explanation
Comparable sales should be as similar as possible to the subject property in terms of size, location, condition, and should be recent (generally within 6–12 months) to reflect current market conditions.
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