The term market value, as generally employed by appraisers, means:

Group of answer choices

the most probable price a property will bring in a competitive and open market under all conditions requisite to a fair sale.

the most probable price that will result from arm's-length bargaining between an equally informed buyer and seller.

the highest price in terms of money that a property will bring if exposed to the market for a reasonable length of time.

the price a prudent buyer would pay if fully informed of all relevant facts regarding the property.