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Which of the following is true if the "date of sale" field in the sales comparison grid of the URAR says "s01/15;Unk"?

  1. The sale was settled in January 2016

  2. The sale was settled in January 2015 and the contract date is unknown

  3. The property was sold on an unknown date in January

  4. The property sold for an unknown price

The correct answer is: The sale was settled in January 2015 and the contract date is unknown

The correct answer highlights a specific interpretation of the notation "s01/15;Unk" in the sales comparison grid of the Uniform Residential Appraisal Report (URAR). In this context, "s01/15" typically refers to the sale date, indicating that the sale occurred in January of 2015. The inclusion of "Unk" afterward suggests that the contract date is unknown or not provided in the information available to the appraiser. Therefore, this option accurately reflects that while the sale was completed in January 2015, the specifics regarding when the contract was signed remain unclear. Other options do not align with the meaning of the notation: stating that the sale was settled in January 2016 misinterprets the date format. Saying the property was sold on an unknown date in January does not account for the specific indication of January 2015 as the sale month. Lastly, claiming that the property sold for an unknown price is unrelated to the date of sale and does not align with the provided information. Therefore, the choice about the sale being settled in January 2015 while noting the contract date is unknown correctly captures the nuances of the data presented.