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An arm’s-length transaction is a normal sale between unrelated parties.
The property is listed and available to the public.Both the buyer and seller act in their own best interest.Neither side is pressured or influenced by a relationship.The price reflects what the market is willing to pay.
Check all conditions that apply to the Non-Arms Length transaction, if applicable:
First, Second, Third Floors, etc.
For assessment purposes, a full bathroom and a three quarter bathroom are treated as equivalent because both provide comparable functional utility and market contribution.
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