Property Valuation
What is market exposure time in real estate appraisal?
AThe time a listing has been on the market
BThe reasonable period a property would need to be on the market before it sells at market value✓ Correct
CThe time between listing and closing
DThe time an appraiser spends reviewing market data
Explanation
Market exposure time is the estimated period a property would need to be listed and marketed in the open market, using appropriate marketing efforts, before it would sell at the appraised market value.
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