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Which of the following is NOT true regarding fair market value? (A) Its an estimate of the market value of a property (B) Its an

Which of the following is NOT true regarding fair market value?

(A) Its an estimate of the market value of a property

(B) Its an estimate of what a knowledgeable, willing and unpressured buyer would probably pay

(C) It may be based on precedent, extrapolation or comparables

(D) A sale by the lender of foreclosed real estate qualifies as a FMV transaction

(E) All of the above is correct

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