MAI, APPRAISAL INSTITUTE. Debacle III http://www.ipetitions.com/petition/commercial-appraiser/

For years we have railed against appraisers using reo, short sales, probate sales, and other non-arms length sales as comparable when valuing "market value" which is defined as:

Market Value is defined as: the most probable price which a property should bring in a competitive and open market under all conditions…

Debacle III                   

The Petition http://www.ipetitions.com/petition/commercial-appraiser/

For years we have railed against appraisers using reo, short sales, probate sales, and other non-arms length sales as comparable when valuing "market value" which is defined as:

Market Value is defined as: the most probable price which a property should bring in a competitive and open market…