Property Valuation
A Florida appraiser is asked for an 'as-completed' value. This means:
AThe current market value of the property
BThe estimated value of the property as if all proposed improvements were completed as of the appraisal date✓ Correct
CThe original purchase price plus renovation costs
DThe insured replacement value
Explanation
An 'as-completed' value is a prospective appraisal that estimates the property's market value assuming all proposed improvements (construction, renovation) are completed by a specified date. Lenders often use this for construction loans.
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