Property Valuation
A Virginia appraiser is asked to do a 'desk review' of another appraiser's work. This means:
AVisiting the property and performing a new appraisal
BReviewing the appraisal report without inspecting the property✓ Correct
CCalculating a new value using the appraiser's data
DConducting an MLS search only
Explanation
A desk review is an appraisal review performed without a property inspection, relying on the original appraisal report and available data. A field review includes an exterior property inspection.
Related Virginia Property Valuation Questions
- In Virginia, the 'effective date' of an appraisal is:
- A Virginia appraiser determines that a comparable sale occurred under 'atypical motivation' — the seller was under severe financial distress. This sale is considered:
- A Virginia appraiser's 'extraordinary assumption' in an appraisal report means they assume:
- In Virginia's Richmond market, what type of residential appraisal methodology do Fannie Mae and Freddie Mac require for single-family home purchases?
- When a Virginia appraiser states a 'range of value' rather than a single point value, they are acknowledging:
- Which appraisal approach is most commonly used to value a single-family residence in a Virginia suburb?
- An appraiser notes that a neighboring property's swimming pool added $15,000 to its sale price. However, the pool cost $35,000 to build. This illustrates the principle of:
- A Virginia appraiser discovers a 'seller concession' was included in a comparable sale that inflated the sale price. The appraiser should:
Practice More Virginia Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Virginia Quiz →