Definition: Describing a transaction in which parties act independently in their own interests without special relationships or undue influence affecting the bargain.
Example
An unrelated buyer and seller negotiate a sale under ordinary market conditions.
Keep the distinction clear
Being unrelated alone does not establish every condition of market value. Unusual financing, compulsion, or concessions may still require analysis.
Related terms
Market Value · Comparable Property · Sales Comparison Approach
Keep studying
CMA vs. Appraisal: What Is the Difference?
References: California DRE: real estate glossary
Pronunciation (US): at ARMZ LENGTH (capitals show stress)
Pronunciation reference: Merriam-Webster
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