Property Valuation
Under Alaska appraisal practice, a 'desk review' appraisal involves:
AAn appraiser physically inspecting the property at a desk
BReviewing an appraisal report for completeness, accuracy, and USPAP compliance without conducting a new appraisal✓ Correct
CA government review of all appraisals in a specific market
DAn appraiser updating a previous report with new data
Explanation
A desk review involves a reviewing appraiser examining an appraisal report — checking for mathematical accuracy, adequacy of comparables, appropriate adjustments, and USPAP compliance — without making an independent site inspection. It is used by lenders to quality-check appraisals they receive.
Related Alaska Property Valuation Questions
- In Alaska, the 'direct capitalization' method of valuation divides which two figures?
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- Under USPAP, an Alaska appraiser who has a financial interest in a property they are appraising must:
- A property generates annual net operating income (NOI) of $60,000. Using a capitalization rate of 8%, the estimated value using the income approach is:
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