Property Valuation
Wisconsin requires that residential property appraisers prepare reports using the URAR (Fannie Mae 1004) form for:
AAll appraisals of any type
BMost single-family residential appraisals used in mortgage lending✓ Correct
COnly commercial properties
DOnly land appraisals
Explanation
The URAR (Fannie Mae Form 1004) is the standard form used for most single-family residential appraisals conducted for mortgage lending purposes.
Related Wisconsin Property Valuation Questions
- In Wisconsin, 'effective age' of a building refers to:
- Under the income approach, 'potential gross income' in Wisconsin refers to:
- Curable physical deterioration in a Wisconsin home refers to deterioration that:
- External obsolescence affecting a Wisconsin property could be caused by:
- A Wisconsin appraiser makes a negative adjustment to a comparable sale because the comparable has a feature the subject property lacks. This means the comparable sold for:
- A Wisconsin appraiser who uses the cost approach must estimate the value of land:
- In Wisconsin, the cost approach to valuation is MOST useful for:
- Wisconsin property taxes are based on:
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