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Real estate appraisers generally distinguish among the concepts of market value, investment value, ar transaction...

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Real estate appraisers generally distinguish among the concepts of market value, investment value, ar transaction value. Which of the following statements best describes the concept of market value? It is an estimate of the most probable selling price of a property in a competitive market. It is the maximum amount that a seller would be willing to accept. It is the price we observe when a property is sold. It is the value a particular investor places on a property. With most standard home loans, the lender can hold the borrower personally liable in the event of a default. Such loans are commonly referred to as: nonrecourse loans conforming loans nonconforming loans recourse loans

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