Property Valuation
In California, a real estate appraiser's license is issued by:
AThe California Department of Real Estate (DRE)
BThe California Bureau of Real Estate Appraisers (BREA)✓ Correct
CThe Appraisal Foundation
DThe Federal Housing Finance Agency (FHFA)
Explanation
In California, real estate appraisers are licensed and regulated by the Bureau of Real Estate Appraisers (BREA), a separate agency from the DRE, which licenses real estate salespersons and brokers.
Related California Property Valuation Questions
- The principle of 'anticipation' in real estate valuation states that:
- The effective age of a building refers to:
- What is 'depreciation' in real estate appraisal?
- The 'effective age' of a building used in appraisal is best defined as:
- The Gross Rent Multiplier (GRM) is calculated by:
- Plottage value (assemblage) occurs when:
- The income approach to value is most appropriate for:
- The principle of progression in real estate means:
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