What is the first step in the valuation process?
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, identify the problem
In other words, what are we doing, and who are we doing it for? There are
many sub-steps in that first step.
A probability range is used in reporting the final value estimate
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to reveal the appraiser's confidence level in the point estimate.
the process of considering the quantity and quality of data available. It is required in all
appraisal assignments, and it is not a simple matter of averaging or checking the work for
errors.
Give this one a try later!
reconciliation
Appraiser Sara is in a rush. She has five assignments to finish tonight to appease her
clients. Under the gun, she decides to rush through her approaches to value, with the
thought she will catch any errors as she performs the final reconciliation for each
assignment. Is this the proper use of the final reconciliation process?
Give this one a try later!
Give this one a try later!
, identify the problem
In other words, what are we doing, and who are we doing it for? There are
many sub-steps in that first step.
A probability range is used in reporting the final value estimate
Give this one a try later!
to reveal the appraiser's confidence level in the point estimate.
the process of considering the quantity and quality of data available. It is required in all
appraisal assignments, and it is not a simple matter of averaging or checking the work for
errors.
Give this one a try later!
reconciliation
Appraiser Sara is in a rush. She has five assignments to finish tonight to appease her
clients. Under the gun, she decides to rush through her approaches to value, with the
thought she will catch any errors as she performs the final reconciliation for each
assignment. Is this the proper use of the final reconciliation process?
Give this one a try later!
