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Which of the following statement about sales comparison approach for property valuation is FALSE? The appraiser makes the adjustments based on their knowledge of current
Which of the following statement about sales comparison approach for property valuation is FALSE? The appraiser makes the adjustments based on their knowledge of current real estate market. The advantages of using sales comparison approach is that it is based on the actual market sales price rather than estimated numbers. The unit of comparison between subject property and comparables is the property price. The disadvantage of using sales comparison approach is that a truly comparable along different dimensions is difficult to find
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