10 free Appraiser practice questions in the real exam format, covering the official content areas, with an explanation for every answer.
Appraiser Practice Test 1Tutor mode
Question 1 of 10
Sales Comparison Approach
The appraiser is verifying four sales. Sale 1 was on the MLS for 45 days and sold to an unrelated buyer with conventional financing. Sale 2 was sold by the owner to her tenant of six years without being offered on the market. Sale 3 sold after four months on the market with a $5,000 seller credit typical for the area. Sale 4 was a relocation company's resale after full market exposure. Which sale is least likely to meet arm's-length conditions?