Certified Relocation Professional Appraiser (CRPA)

In a relocation appraisal, what is the primary criterion for selecting a comparable sale?

The sale must have occurred within the last 6 months regardless of location The comparable should reflect similar market conditions, location, and physical characteristics to the subject Only foreclosure sales should be used as comparables to establish distressed market value Comparables must always be located within the same subdivision as the subject property

Correct Answer:

The comparable should reflect similar market conditions, location, and physical characteristics to the subject

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