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Fair Market Value Explained - Finance Video - Rochester Blog

Fair Market Value Explained – Finance Video

Fair Market Value Explained – Finance Video

By gaining this knowledge, as you experience your life over some time, you’ll be in a position to make educated decision-making when buying and sell products. If you live in a perfect world, both sides will agree in the fairness of trades.

In order for a market value to be fair certain conditions must be met. Each of the parties should be able to recognize the products being traded and have all of the information. This will prevent one side from getting deceived. Every party has to have an desire to make the exchange. That means both parties can agree to trade. FMV tools can be used to determine what the worth of your products are. bqxjt17we7.

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