Property Valuation
In West Virginia, a property value that is 'bracketed' in the sales comparison approach means:
AThe property's value falls between two extremes
BThe appraiser has selected comparables both superior and inferior to the subject in the relevant characteristic✓ Correct
CThe subject property is the average of all comparable sales
DAll comparables were sold in the same month
Explanation
Bracketing is a sales comparison technique where the appraiser selects comparables that are both superior and inferior to the subject in a specific characteristic. This confirms the direction of the adjustment and demonstrates the reasonableness of the adjustment amount.
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