Property Valuation
Which type of value does a North Dakota appraiser typically estimate for mortgage lending purposes?
AInvestment value
BMarket value✓ Correct
CAssessed value
DInsurable value
Explanation
For mortgage lending purposes, appraisers estimate market value—the most probable price a property would sell for in an arm's-length transaction between a willing buyer and seller, both knowledgeable and not under pressure.
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