Unit 1 Actual Estate Exam Flashcards

The report asks the appraiser to explain the inside and exterior of the property, the neighborhood, and nearby comparable gross sales. The appraiser then supplies an evaluation and conclusions about the property’s value based on their observations. An appraisal is an unbiased skilled opinion of a home’s value. Appraisals are nearly at all times used in purchase-and-sale transactions and generally in refinance transactions.

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