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What is definition of Market Value in Real Estate Appraisal

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Reference no: EM132863256

Question -

(1) What is the definition of "Market Value" in Real Estate Appraisal?

(2) Using critical thinking skills with the definition of Market Value to discuss if you agree or disagree that "the market value of a property is whatever a buyer is willing to pay for it."?  Provide your REASONING BY CITING ONE OR TWO CONCRETE EXAMPLES.

Reference no: EM132863256

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