medium · National Real Estate Exam valuation
During a transaction review led by Finley Grant, the following issue arises: A sale between related parties includes unusual concessions that would not appear in a typical open-market transaction.
Which response is most consistent with national real-estate principles?
- Market value is always the amount of the buyer’s mortgage.
- Atypical terms can separate contract price from market value.
- The concessions increase value dollar for dollar by definition.
- The price conclusively establishes market value in every sale.
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