Property Valuation
A NC appraiser's use of 'comparables from the subject's immediate competitive market area' refers to:
ASales anywhere in NC
BSales of similar properties in the same or competing neighborhood that buyers would consider as alternatives✓ Correct
COnly sales within the same subdivision
DOnly new construction sales
Explanation
Comparables should come from the same or competing market area where potential buyers would realistically consider purchasing the subject property as an alternative.
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