Property Valuation
An appraiser's certification in a Utah appraisal report states that:
AThe value is guaranteed to be accurate
BThe appraiser has performed the appraisal impartially, has no undisclosed interest, and the analysis is not contingent on a predetermined value✓ Correct
CThe property will be worth the appraised value for at least one year
DThe appraisal is insured against errors
Explanation
USPAP requires appraisers to include a certification in appraisal reports affirming personal inspection, independence, no undisclosed conflicts of interest, compliance with USPAP, and that the value conclusion is not contingent on reaching a predetermined result.
Related Utah Property Valuation Questions
- A Utah appraiser using the income approach divides NOI by the cap rate to find the:
- A before-and-after appraisal in Utah is used in:
- External obsolescence (also called economic obsolescence) is unique because it is:
- Assemblage refers to:
- In the income approach to value, Net Operating Income (NOI) is calculated as:
- When using the income approach to value a rental property in Ogden, Utah, the appraiser needs to determine the market rent by:
- Which approach is most reliable for appraising a new single-family home in a suburban Salt Lake County subdivision with many similar recent sales?
- Physical curable depreciation in an appraisal refers to:
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