Basic Appraisal Procedures 385 Study Guide Questions with 100% Correct Answers | Verified|40 Pages

The appraiser - ️️Who is responsible for identifying the intended use of an appraisal? Valuation process - ️️A step-by-step procedure that can be applied to any type of appraisal assignment. No - ️️Does an appraiser's client always have to directly engage him? False - ️️The effective date of the valuation must be the date on which the appraiser inspected the subject property. Maximally productive - ️️In highest and best use analysis, this is applied last. Workfile - ️️What must be in existence prior to the issuance of a written oral report? Scope of Work - ️️The type and extent of research and analysis in an assignment. Highest and best use - ️️Not a subset in defining the problem. Report the final opinion of value - ️️The last step in the valuation process. Credible assignment results - ️️According to the scope of work rule, the appraiser must be prepared to demonstrate that the scope of work is sufficive to produce what? Intended use - ️️The credibility of assignment results is always measured in the context of ____________.