Property Valuation
In Oklahoma, the sales comparison approach requires an appraiser to identify recent, comparable sales. Which of the following would be the BEST comparable for a 3-bedroom, 2-bath ranch home in Edmond?
AA 5-bedroom two-story home sold 3 years ago in Tulsa
BA 3-bedroom, 2-bath ranch home sold within the past 6 months within a mile of the subject✓ Correct
CA commercial office building sold last week
DAn REO (bank-owned) property sold at a steep discount last month
Explanation
The best comparable is physically similar (same bedrooms, baths, style), proximate (near the subject), and recent (within 6 months). Dissimilar properties, different markets, or distressed sales require large adjustments and reduce reliability.
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