Property Valuation
What is an appraisal review in Nevada real estate?
AA second appraisal of the same property
BA review by an appraiser of another appraiser's report for quality, accuracy, and compliance✓ Correct
CAn inspection of the property by the buyer's agent
DA title company's evaluation of the property's legal status
Explanation
An appraisal review is performed by a licensed appraiser to evaluate another appraiser's work product for adequacy, accuracy, and conformance with USPAP (Uniform Standards of Professional Appraisal Practice). Lenders often require desk or field reviews.
Related Nevada Property Valuation Questions
- A Nevada appraiser is appraising a custom home in Henderson. No comparable sales exist within 1 mile. What should the appraiser do?
- What is 'value per unit' analysis in Nevada multifamily real estate?
- What is 'eminent domain' value determination and how is 'just compensation' calculated in Nevada?
- What is a residual technique for estimating building value in Nevada appraisal?
- What is 'absorption rate' and how is it calculated for the Nevada housing market?
- What is the 'cost approach' to property valuation and when is it most useful in Nevada?
- What is a 'retrospective appraisal' and when might one be needed in Nevada?
- What is price per square foot analysis in Nevada residential real estate?
Practice More Nevada Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Nevada Quiz →