Valuation & Appraisal第 91 / 120 题
An appraisal is best described as:
a.An opinion or estimate of value as of a specific date
b.A guarantee of the exact future sale price
c.A legal transfer of title
d.A type of mortgage loan
解析
An appraisal is a professional, supportable opinion of value as of a particular date, not a guarantee of price. Appraisers use recognized approaches to reach their conclusion. Lenders rely on appraisals to ensure the loan is adequately secured.
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同考点相关题目
- The appraisal principle stating that a buyer will pay no more than the cost of an equally desirable substitute property is:
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- A loss in property value caused by negative factors outside the property, such as a nearby factory or declining neighborhood, is:
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