Property Valuation
A Louisiana appraisal report that identifies the property, states the purpose and date of the appraisal, and provides the value conclusion is commonly called a:
ARestricted use report
BSummary appraisal report✓ Correct
CDesk review
DBroker price opinion
Explanation
A summary appraisal report (under USPAP) provides a concise presentation of the data and analysis used to reach the value conclusion, including property identification, purpose, effective date, and the appraiser's certification.
Related Louisiana Property Valuation Questions
- In Louisiana, when an appraiser identifies a 'superadequacy' in a property, it means:
- The principle of 'contribution' in real estate valuation states that:
- Which of the following best describes 'highest and best use' in Louisiana property valuation?
- A Louisiana appraiser performing a 'drive-by' or 'exterior-only' appraisal is completing a:
- The principle of 'progression' in real estate valuation means:
- An appraiser's 'reconciliation' in the appraisal report involves:
- What does 'net operating income' (NOI) represent for an income property?
- In a declining Louisiana real estate market, which adjustment would an appraiser typically make to older comparable sales?
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