Property Valuation
A NH appraisal report that complies with USPAP (Uniform Standards of Professional Appraisal Practice) must include:
AOnly the appraiser's opinion of value without explanation
BThe appraiser's signed certification, scope of work, data, analysis, and the value conclusion with support✓ Correct
CThe property's assessed value and tax history only
DThe lender's loan approval recommendation
Explanation
USPAP requires an appraisal report to include the appraiser's signed certification, a clear description of the scope of work, data analyzed, methodologies used, and the value conclusion with adequate supporting analysis. Compliance with USPAP is required for federally related transactions.
Related New Hampshire Property Valuation Questions
- Effective age in real estate appraisal refers to:
- The principle of substitution states that:
- The 'income capitalization approach' to value is most appropriate for:
- The 'principle of balance' in NH real estate appraisal states that:
- Which of the following would be classified as functional obsolescence in a property appraisal?
- A NH appraiser who uses three comparables all located 20 miles from the subject property in a different market may produce an unreliable appraisal because:
- The principle of substitution states that a buyer will not pay more for a property than:
- In the income approach to value, the capitalization rate is used to:
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