Property Valuation
In Ohio, which of the following is NOT a typical characteristic of 'market value'?
ABoth buyer and seller are typically motivated
BAdequate market exposure time
CThe buyer pays the exact amount the seller has paid in improvements✓ Correct
DNeither party is compelled to act
Explanation
Market value is not based on the seller's cost or investment. It reflects what a knowledgeable buyer would pay in an arm's-length transaction — regardless of what improvements cost the seller.
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