Property Valuation
A South Carolina appraiser's final value estimate is expressed as a range because:
AAppraisers are required to provide ranges, not single values
BAppraisal is an estimate of value, not an exact science, reflecting market uncertainty✓ Correct
CSC law requires a minimum and maximum value estimate
DLenders require ranges for mortgage approval
Explanation
Appraisals are estimates of market value based on available data. While typically expressed as a single-point value, the appraiser understands there is inherent uncertainty in the market. A range may be provided in certain situations.
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