{"id":7851,"date":"2023-08-01T10:01:00","date_gmt":"2023-08-01T14:01:00","guid":{"rendered":"https:\/\/carleton.ca\/facts\/?page_id=7851"},"modified":"2023-08-01T10:01:22","modified_gmt":"2023-08-01T14:01:22","slug":"fair-market-value","status":"publish","type":"page","link":"https:\/\/carleton.ca\/facts\/glossary\/f\/fair-market-value\/","title":{"rendered":"Fair Market Value"},"content":{"rendered":"<h3>What is it?<\/h3>\n<p>Fair Market Value is the estimated price that an asset would sell for in a transaction between a buyer and a seller. It is the price that would be agreed upon in an open and unrestricted market, where both parties have access to all relevant information and are free to make their own decisions.<\/p>\n<h3>Why is it important?<\/h3>\n<p>It\u2019s important as it provides a benchmark for determining the value of an asset.\u00a0 It ensures an equitable pricing process for both buyers and sellers as it prevents overselling or underselling. When listing items on <a href=\"https:\/\/carleton.ca\/procurement\/carleton-university-reuse-base\/\">the CUrb<\/a> sellers are asked to provide a Fair Market Value for the items that they are listing for sale.<\/p>\n<h3>Where do I find more information?<\/h3>\n<p>For more information, visit Procurement Services\u2019 <a href=\"https:\/\/carleton.ca\/procurement\/carleton-university-reuse-base\/\">the CUrb<\/a> site (Guidelines section), or email <a href=\"&#109;&#x61;i&#x6c;&#x74;&#111;&#x3a;P&#114;&#x6f;&#99;&#x75;r&#101;&#x6d;e&#x6e;t&#83;&#x65;r&#x76;&#x69;&#99;&#x65;&#64;&#99;&#x61;&#114;&#x6c;e&#116;&#x6f;&#110;&#x2e;c&#97;\">&#80;&#x72;&#x6f;&#99;&#x75;&#x72;e&#x6d;&#x65;n&#116;&#x53;e&#114;&#x76;i&#99;&#x65;s&#64;&#x63;a&#114;&#x6c;&#x65;&#116;&#x6f;&#x6e;&#46;&#x63;&#x61;<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>What is it? Fair Market Value is the estimated price that an asset would sell for in a transaction between a buyer and a seller. It is the price that would be agreed upon in an open and unrestricted market, where both parties have access to all relevant information and are free to make their [&hellip;]<\/p>\n","protected":false},"author":30,"featured_media":0,"parent":61,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"_relevanssi_hide_post":"","_relevanssi_hide_content":"","_relevanssi_pin_for_all":"","_relevanssi_pin_keywords":"","_relevanssi_unpin_keywords":"","_relevanssi_related_keywords":"","_relevanssi_related_include_ids":"","_relevanssi_related_exclude_ids":"","_relevanssi_related_no_append":"","_relevanssi_related_not_related":"","_relevanssi_related_posts":"","_relevanssi_noindex_reason":"","_mi_skip_tracking":false,"_exactmetrics_sitenote_active":false,"_exactmetrics_sitenote_note":"","_exactmetrics_sitenote_category":0,"footnotes":"","_links_to":"","_links_to_target":""},"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.2 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Fair Market Value - Financial Administration Community Training &amp; Solutions<\/title>\n<meta name=\"description\" content=\"What is it? 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