Exam (elaborations)
Basic Appraisal Procedures| 246 Questions And Answers|62 Pages
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ch1 What is the first step in the valuation process? determine scope of work define the problem estimate land value gather, record, and verify data - ️️define the problem ch1 True or False: There is one universal definition of market value used in real property appraisal. True False - ️️false ch1 What is the final step in the valuation process? determine highest and best use estimate value by the three approaches report the final opinion of value estimate the land value - ️️report the final opinion of value ch1 True or False: The effective date of the valuation must be the date on which the appraiser inspected the subject property. True False - ️️false
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Basic appraisal procedures
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