Property Valuation
Market value in a real estate appraisal assumes all of the following EXCEPT:
ABuyer and seller are well-informed
BNeither party is under undue pressure
CThe property has been on the market for an adequate period
DThe sale includes seller financing at below-market rates✓ Correct
Explanation
Market value assumes a cash transaction or equivalent, not seller financing at non-market rates. Such terms would affect the price and require adjustment to estimate true market value.
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