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ASA BV 201 | Questions and Correct Answers | Latest Update 2024/2025 | 100% PASS Principle of Substitution - Answer -a prudent buyer will pay no more for a property than it would cost to acquire a substitute property with the same utility How is a Fairness Opinion different than a FMV? - Answer -A Fairness Opinion goes further than a FMV by assessing whether a transaction is fair between all ownership entities. It also serves as an insurance policy for the transacting parties. Which tw...