Question

At the top of page 2 of the URAR form, which listings and sales should be considered and reported?

a. All sales and listings within the defined neighborhood
b. All sales and listings within the local municipality
c. Only properties that have sold within the prior three months
d. Only properties that are comparable to the subject property

Answer 1

Properties that are comparable to the subject property should be considered and reported at the top of page 2 of the URAR form.

Step-by-step explanation:

At the top of page 2 of the URAR form, the listings and sales that should be considered and reported are properties that are comparable to the subject property. These are properties that are similar to the subject property in terms of location, size, condition, and other relevant factors. It is important to choose comparable properties that have sold within the prior three months to ensure that the market conditions are current and reflect the most recent sales activity. Only including sales and listings within the defined neighborhood or the local municipality may not provide an accurate representation of the market value of the subject property.