Basic Appraisal Principles Questions and Answers 100% pass | graded A+

When are appraisers needed? - to set asking/offering prices, settle estates, refinance, divorce, taxes, rental rates, valuation, condemnation & foreclosure Appraiser - One who is expected to perform valuation services competently & in a manner that is independent, impartial & objective. Attributes of an Appraiser - competent, independent, impartial, objective, prompt, organized, educated, honest & diligent Appraiser must be knowledgeable in... - history, economics, construction, math, statistics, ethics, psychology, sociology, urban planning & land use What are some adversarial situations that require an appraisal? - tax appeals, relocation, casualty loss, purchase offers, partnership breakups, division of assets, negotiation of leases, condemnation & estate settlements