Property Valuation
When appraising a Wisconsin property in a rural area where few sales have occurred, an appraiser may need to:
ADecline the appraisal assignment
BExpand the geographic search area and time period for comparable sales, with appropriate adjustments for time and location✓ Correct
CUse only cost approach
DUse AVM data exclusively
Explanation
In rural markets with limited sales data, appraisers may expand the area and time frame for comparable selection, making appropriate adjustments — this is a recognized USPAP-compliant approach.
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