1.Which of the following statements regarding the sales comparison approach to appraisal is TRUE?
(a)As a “rule of thumb” transactions involving foreclosures should be discounted by 10 percent
(b)The comparable buildings’ characteristics are more important that the comparable properties’ location for performing the sales comparison
(c)The comparable sales must involve transactions between unrelated individuals
(d)The only factors important for comparable analysis are property size, building size, age of the building, and the condition of building