Property Valuation
What is an 'appraisal review' in Delaware?
AA second appraisal conducted by a different appraiser
BA formal process of studying and evaluating an appraisal report to determine quality, completeness, and compliance with standards✓ Correct
CThe lender's informal review of an appraisal before loan approval
DThe Commission's review of an appraiser's license application
Explanation
An appraisal review is a formal service in which a reviewer studies and evaluates an appraisal report's quality, logic, completeness, and compliance with USPAP and assignment requirements — potentially performed by another licensed appraiser.
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