Property Valuation
A 'desk review' appraisal is:
AAn appraisal conducted at the appraiser's desk without visiting the property
BA technical review of an appraisal report for completeness, accuracy, and consistency without additional research✓ Correct
CAn appraisal performed exclusively for tax purposes
DA preliminary value estimate used in purchase negotiations
Explanation
A desk review is a USPAP Standard 3 review appraisal conducted entirely from the office—reviewing the appraisal report, checking calculations, and assessing consistency and completeness—without independently verifying market data or visiting the property.
Related Utah Property Valuation Questions
- The principle of progression in Utah real estate states that:
- The principle of regression in appraisal states:
- Assemblage refers to:
- In the cost approach, the formula for estimating value is:
- Which appraisal approach is most appropriate for a historic LDS chapel being converted to a commercial space in Salt Lake City?
- A Utah residential appraisal uses the URAR (Uniform Residential Appraisal Report) which is required by:
- The principle of substitution in real estate appraisal states:
- Functional obsolescence in an appraisal refers to a loss in value due to:
Practice More Utah Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Utah Quiz →