Property Valuation
What is the primary purpose of a 'desk review' appraisal in NH real estate lending?
ATo replace a full appraisal for all mortgage transactions
BTo provide a secondary review of an existing appraisal without a property inspection✓ Correct
CTo determine the cost approach value only
DTo assess the property's environmental condition
Explanation
A desk review is a review of an existing appraisal report conducted by another appraiser without physically inspecting the property. It is used by lenders to assess the credibility and accuracy of the original appraisal.
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