Property Valuation
An appraisal is an opinion of value. In Georgia, residential appraisals for federally related transactions must be performed by:
AAny licensed real estate broker
BA Georgia-licensed or certified appraiser✓ Correct
CA GREC-approved property inspector
DAny agent who has taken a valuation course
Explanation
Federally related mortgage transactions require appraisals performed by state-licensed or state-certified appraisers. Georgia has its own appraiser licensing system separate from real estate licensing.
Related Georgia Property Valuation Questions
- Reconciliation in the appraisal process involves:
- The 'cost approach' gives the most reliable indication of value when:
- Highest and best use in real estate appraisal means the use that is:
- An appraisal done for a refinance is often based on the assumption that:
- The income multiplier method uses which of the following to estimate value?
- The cost approach to value is most reliable for:
- A Comparative Market Analysis (CMA) is prepared by a real estate agent primarily to help a seller determine:
- A Georgia appraiser is valuing a neighborhood convenience store. Which approach to value is most likely to be primary?
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