Property Valuation
A real estate appraiser in Alabama must hold a state license or certification issued by:
AAREC
BThe Alabama Real Estate Appraisers Board✓ Correct
CThe Appraisal Institute
DThe Alabama Department of Revenue
Explanation
Real estate appraisers in Alabama are licensed or certified by the Alabama Real Estate Appraisers Board (AREAB), a separate entity from AREC.
Related Alabama Property Valuation Questions
- An appraiser who uses paired sales analysis is attempting to:
- Plottage is the increase in value resulting from:
- In Alabama, property is assessed for tax purposes at what percentage of fair market value for residential property?
- Functional obsolescence due to a feature that costs more to cure than the value it adds to the property is called:
- Which principle of value explains why a retail property located on a busy intersection sells for more than an identical retail property on a quiet side street?
- Which organization sets minimum qualification standards for state-certified and licensed real estate appraisers?
- Capitalization rate (cap rate) is calculated as:
- When an appraiser says a property has 'economic life remaining' of 20 years, it means:
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