Property Valuation
In Michigan, an appraiser preparing a 'desk review' of another appraiser's report:
APhysically inspects the property
BReviews the appraisal report and supporting data without an independent property inspection✓ Correct
CReplaces the original appraiser
DOnly checks mathematical calculations
Explanation
A desk review is an administrative or technical review of an appraisal report performed at a desk, without an independent inspection of the property. The reviewer examines the methodology, data, and conclusions for reasonableness and compliance with USPAP and lender guidelines.
Related Michigan Property Valuation Questions
- In Michigan, 'oversupply' in a real estate market segment will generally cause property values to:
- In Michigan, 'underimprovement' of a property occurs when:
- A Michigan appraisal report prepared for a federally related transaction must comply with:
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- When using the sales comparison approach in Michigan, an appraiser must consider all of the following adjustments EXCEPT:
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- A Michigan appraiser's 'reconciliation' process does NOT include:
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