Property Valuation
What is a drive-by appraisal in Nevada mortgage lending?
AAn appraisal where the appraiser only drives past the property without an interior inspection✓ Correct
BA full appraisal conducted while driving through the neighborhood
CAn appraisal conducted over the internet without any site visit
DA required inspection by NRED before issuing a license
Explanation
A drive-by (or exterior-only) appraisal is a limited appraisal where the appraiser views and photographs only the exterior of the property. It is often used for refinances with strong equity or for low-risk loans. It does not include an interior inspection.
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