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Basic Appraisal Procedures, Basic Appraisal Procedures Questions and Answers 100% pass | graded A+
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8 Steps in the Valuation Process - 1) Define the problem 2) Determine scope of work 3) Gather, record and verify the data 4) Determine the highest and best use 5) Estimate the land value 6) Estimate value by each of the 3 approaches (if applicable) 7) Reconcile the estimated values into the final opinion of value 8) Report the final opinion of value Defining the Problem: 6 Sub-steps within - -Identification and location of the real estate -Identification of the property rights -Definition of value -Purpose and intended use of the appraisal -Effective date of the opinion of value -Any special limiting conditions
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Institution
Basic Appraisal
Course
Basic Appraisal
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Written for
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- Basic Appraisal
- Course
- Basic Appraisal
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- Uploaded on
- January 23, 2024
- Number of pages
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- Written in
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- Exam (elaborations)
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- Questions & answers
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basic appraisal procedures basic appraisal
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