Property Valuation
An appraiser's 'opinion of value' is based on:
AOnly the most recent sale of the subject property
BA professional, objective analysis of market data, applicable approaches, and the appraiser's training and expertise✓ Correct
CThe assessed value set by the county appraiser
DThe average of the buyer's and seller's desired prices
Explanation
An appraiser's opinion of value (conclusion) is an informed, objective professional judgment based on systematic analysis of market data using applicable valuation approaches, not simply an average or the most recent sale price.
Related Florida Property Valuation Questions
- In a buyer's market in Florida, which of the following is most likely TRUE?
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