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Why are appraisals needed to estimate the market value? A. To protect from lawsuits from tenants. B. For insurance purposes. C. It's required by law

Why are appraisals needed to estimate the market value?

A. To protect from lawsuits from tenants.

B. For insurance purposes.

C. It's required by law when you sell real property.

D. There are few transactions available to indicate market value.

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