Property Valuation
A Mississippi appraiser's report must include a 'certification' that the appraiser:
AGuarantees the accuracy of the value conclusion
BHas no undisclosed interest in the property, has not accepted bias, and the analysis was performed in compliance with USPAP✓ Correct
CIs a licensed real estate agent
DHas personally inspected every comparable sale used
Explanation
USPAP requires appraisers to include a certification in each appraisal report stating, among other things: the analysis is unbiased; the appraiser has no undisclosed interest; personal inspection status; and the assignment was performed in compliance with USPAP. This certification is a fundamental accountability measure.
Related Mississippi Property Valuation Questions
- The income capitalization approach estimates property value by:
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- A Mississippi appraiser's value conclusion for a single-family home is $230,000. The lender requires the appraisal to support a $225,000 loan on a $250,000 purchase. The LTV is:
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