Property Valuation
Under Ohio appraisal guidelines, an 'exterior-only inspection' appraisal (drive-by) is:
AThe standard for all residential appraisals
BA limited scope engagement where the appraiser inspects only the exterior, relying on other data for interior condition✓ Correct
CNot allowed under USPAP
DRequired for all FHA loans
Explanation
An exterior-only (drive-by) appraisal is a limited-scope assignment where the appraiser inspects only the exterior and relies on available records and MLS data for interior information. It is permissible under USPAP with appropriate disclosure.
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