Property Valuation
What is a comparable sale (comp) in real estate appraisal?
AAny recently sold property in the area
BA recently sold property similar in size, condition, location, and features to the subject property✓ Correct
CA listing at a similar price
DA property in foreclosure
Explanation
A comparable sale (comp) is a recently sold property with similar characteristics (location, size, condition, features) to the subject property. Appraisers analyze comps and make adjustments for differences to estimate the subject's value.
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