Property Valuation
An Indiana appraisal engagement letter should include all of the following EXCEPT:
AThe intended use of the appraisal
BThe intended users of the appraisal
CThe effective date of the appraisal
DThe predetermined value conclusion✓ Correct
Explanation
An engagement letter defines the scope of work, intended use and users, effective date, and fee. A predetermined value conclusion would constitute an appraisal bias — the appraiser must independently determine value, not meet a pre-set number.
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