Mckissock

Insurance Institute

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Basic Appraisal Procedures Mckissock| 150 questions| with complete solutions

Basic Appraisal Procedures Mckissock| 150 questions| with complete solutions
Exam (elaborations) • 11 pages • 2023
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Valuation Process CORRECT ANSWERS: Systematic set of procedures an appraiser follows to provide answers to a clients questions about real property value Appraisal Process CORRECT ANSWERS: 1. Define Problem 2. Determine scope of work 3. Gather Record & verify dat 4. determine highest and best use 5. estimate land value 6. est. value by all three approaches 7. Reconcile est. value into final opinion value 8. report the final opinion defining problem CORRECT ANSWERS: Identification ...