Property Valuation
In Virginia, the appraisal process step that involves defining the problem, identifying the real property, and determining the purpose of the appraisal is called:
AData analysis
BProblem identification / defining the scope of work✓ Correct
CFinal reconciliation
DReport writing
Explanation
The first step in the appraisal process is to define the appraisal problem: identify the real property and property rights to be valued, determine the purpose and effective date, and establish the scope of work.
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