IOV Valuer Practice Questions - IOV Valuer Examination (Institution Of Valuers, India) Exam

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Under the direct comparison method of valuation, which of the following properties represents the most suitable comparable?

A property sold at a foreclosure auction by a bank A property sold recently in the same locality under open market conditions A property sold between close family members at a discount A property currently listed for sale above market expectations

Correct Answer:

A property sold recently in the same locality under open market conditions

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