An opinion expressed in terms of money, at which the property would change hands between a willing buyer and a willing seller, neither being under any compulsion to buy or to sell and both having reasonable knowledge of relevant facts, as of a specific date.
The underlying theme and elements of the definitions presented here are based in standard appraisal theory. Many terms are used to describe various thoughts or premises of value.
These definitions are offered to provide fundamental value concepts – they are not the only acceptable definitions available. Contracts or jurisdictions may dictate somewhat different philosophies; therefore, these definitions may be expanded or refined as the purpose and function of an appraisal dictate, as long as the fundamental concepts are not altered. In some cases, the laws of a country, state, region, or regulatory agency may require other terms, which would take precedence over the definitions shown here.
出典：ASA
Fair Market Valueは、公正市場価値と翻訳されます。
鑑定はかせ最もベーシックなFMVの定義じゃよ
REIちゃん不動産鑑定評価でいうところの正常価格に相当するね