Property Valuation
What is 'variance' (statistical) in the context of Rhode Island comparable sales selection?
AA zoning exception
BThe degree of dispersion among comparable sales prices, indicating market consistency or inconsistency✓ Correct
CA mathematical error in the appraisal report
DA time adjustment for older sales
Explanation
In appraisal, statistical variance among comparable sale prices shows how consistent (or inconsistent) the market is. A narrow range of sales prices indicates a consistent, predictable market; a wide range suggests more variability.
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