A Single-Family Appraisal Report Should Include a Sales History of the Subject

question 8

True/False

A single-family appraisal report should include a sales history of the subject property, with details of any known sales transaction that occurred within the three years prior to the date of value.

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Definitions:

Pension Plan

A financial program set by an employer to provide retirement income to employees.

Contractual Agreement

A legally binding contract that outlines the terms and conditions between parties.

Bond Financing

Raising capital for a business or governmental entity through the issuance of bonds, which are debt securities that must be repaid with interest.

Owner Control

The level of power and authority held by the owner(s) of a business in making significant decisions about its operations.