Property Valuation
An appraiser conducting an exterior-only 'drive-by' appraisal (Form 2055) must note in the report that:
AThe property is in excellent condition based on exterior appearance
BThe interior was not inspected and the appraisal is based on limited information✓ Correct
CThe property value is final and not subject to interior inspection
DNo further inspection is needed
Explanation
An exterior-only appraisal is limited in scope because the appraiser cannot inspect the interior. The appraiser must disclose this limitation, note that the interior was not inspected, and state that the value is based on limited information and assumptions.
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