Which of the following would be considered an arm's length transaction

		a property sold at foreclosure
		a property sold as part of a divorce
		a transaction in which the buyer and seller have no relationship to each other
		a property sold as a short sale

With regard to an appraisal, which of the following would not be considered as a physical characteristic of a property?

		foundation type
		home style
		home location
		quality of materials

Which of the following would a CMA likely NOT be used for?

		to find the actual appraised value for a piece of property
		for the buyer to determine an offer price
		for a seller to determine the list price
		for an agent to make recommendation to a client who wants to buy or sell a piece of property

Which of the following is NOT a resource that should be used to determine a sales price for a CMA?

		MLS
		Realtor.com
		RPR
		CAD