AMCs keep a pool of state-licensed or state-qualified appraisers to satisfy requests from lending institutions. An appraiser is then assigned to supply an appraisal report for the property. AMCs choose state-licensed or state-qualified appraisers to valuate properties and ship appraisal reports to lenders. Which of the following statements is TRUE about the real property industry? Property administration, appraisal, financing, and improvement are all examples of A) non-real property professions. D) activities requiring dealer administration and supervision.
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The appraiser will account for enhancements to the property and will notice as many of the topic property’s features as within reason sensible. The primary factor to contemplate is that if the valuation comes in decrease than the sale value of the house. In that case, a lender is unlikely to lend the amount needed to get a mortgage on the property.