Property Valuation
An appraiser in Texas values a property 'as proposed' based on architectural plans. This type of appraisal is known as a(n):
A'As-is' appraisal
B'As-completed' or 'subject to completion' appraisal✓ Correct
C'Retrospective' appraisal
D'Stabilized' appraisal
Explanation
An 'as-completed' appraisal values the property assuming that proposed improvements will be completed as specified in the plans. This is commonly used for construction loans and development financing.
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