Property Valuation
What is the purpose of an 'appraisal review' in Rhode Island?
ATo negotiate the sale price between buyer and seller
BTo evaluate the quality, completeness, and credibility of another appraiser's report✓ Correct
CTo update an appraisal to reflect current market conditions
DTo certify that the property passes building code inspection
Explanation
An appraisal review is a service provided by an appraiser who evaluates the work of another appraiser to determine whether it is credible, complete, and conforms to applicable standards (such as USPAP).
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