Property Valuation
An appraiser is required to be an 'independent, disinterested third party.' This means the appraiser:
ACannot be hired by the lender
BMust have no financial interest in the transaction outcome✓ Correct
CCannot value residential property over $500,000
DMust be located in the same county as the property
Explanation
An appraiser must have no financial interest in the outcome of the appraisal (e.g.
Related Arkansas Property Valuation Questions
- Effective age differs from actual age in that effective age reflects:
- The income multiplier approach is most reliable for:
- Accrued depreciation in the cost approach equals:
- In an appraisal, an adjustment for a comparable sale that is SUPERIOR to the subject property results in:
- Direct capitalization in the income approach converts income into value by:
- The principle of CONTRIBUTION states that:
- The principle of BALANCE in appraisal holds that:
- An underimprovement to a property occurs when:
Practice More Arkansas Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Arkansas Quiz →