Property Valuation
An appraisal report for a Wyoming federally related transaction must be completed by:
AAny real estate licensee
BA state-licensed or certified appraiser✓ Correct
CA home inspector with appraisal training
DA county assessor
Explanation
Federal law (FIRREA) requires that appraisals for federally related transactions be performed by state-licensed or certified appraisers. Wyoming licenses and certifies appraisers through a program overseen by the Wyoming Real Estate Appraiser Licensing Board.
Related Wyoming Property Valuation Questions
- In Wyoming, the residual technique in land valuation uses:
- A Wyoming appraiser determines the 'remaining economic life' of a building as 30 years. This is relevant to the cost approach because:
- An appraiser making a positive adjustment to a comparable sale in Wyoming means:
- A Wyoming appraiser is asked to provide a 'retrospective appraisal' for a property. This means the appraisal:
- A Wyoming commercial appraiser performing a 'discounted cash flow analysis' (DCF) accounts for:
- Economic obsolescence (external obsolescence) is always:
- The principle of 'progression' in Wyoming real estate means:
- A Wyoming appraiser using the direct capitalization method would estimate value by:
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