Property Valuation
An appraisal report that is 'self-contained' (now called an appraisal report under current USPAP) contains:
AOnly the conclusion of value
BA complete description, analysis, and explanation of the appraisal process✓ Correct
COnly comparables data without analysis
DA summary certified by the local county assessor
Explanation
An appraisal report (formerly self-contained) contains a complete description of the property, analysis, comparable data, all adjustments, and the appraiser's reasoning leading to the value conclusion.
Related Georgia Property Valuation Questions
- The 'effective age' of a building in appraisal refers to:
- The reproduction cost in the cost approach refers to:
- In the sales comparison approach, a 'time adjustment' is made when:
- When an appraiser determines the 'contributory value' of a feature (like a swimming pool), this represents:
- A 'recapture rate' in the income approach accounts for:
- In the cost approach, the formula for estimating value is:
- An appraisal conducted for a federally related transaction must be performed by a:
- Regression and progression are appraisal principles that affect value through:
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