Property Valuation
The sales comparison approach to value requires the appraiser to find:
AProperties with the same number of rooms
BRecent sales of similar nearby properties (comparables)✓ Correct
CProperties with identical square footage
DProperties listed on the same MLS
Explanation
The sales comparison approach requires the appraiser to identify recent sales of similar nearby properties (comparables or 'comps') and make adjustments for differences between the subject property and each comparable.
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