Which market value condition must stand alone without combining with other conditions?
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As Is
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Fill in the blank: For a property listed as “Subject to Repair,” there must be a __________
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For a property listed as “Subject to Repair,” there must be a RECOMMENDED ACTION OF REPAIR
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Selecting “Total Cost” in the appraisal allows the appraiser to:
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Provide one lump sum estimate covering all repairs
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Why is the reconciliation step essential in the appraisal process?
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It supports the final opinion of value by analyzing all applicable approaches
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If an appraisal method is not used, what must the appraiser do?
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Explain why the approach was omitted
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When is a Cost to Repair estimate required to be reported?
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When the client specifically requests it
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URAR 2.13.12 Flashcards
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Created on September 23, 2025
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Transcript
Which market value condition must stand alone without combining with other conditions?
Flip flashcard to reveal answer
The correct answer is...
As Is
Back to Question
Next card
Fill in the blank: For a property listed as “Subject to Repair,” there must be a __________
Flip flashcard to reveal answer
Previous card
The correct answer is...
For a property listed as “Subject to Repair,” there must be a RECOMMENDED ACTION OF REPAIR
Next card
Back to Question
Selecting “Total Cost” in the appraisal allows the appraiser to:
Flip flashcard to reveal answer
Previous card
The correct answer is...
Provide one lump sum estimate covering all repairs
Next card
Next card
Back to Question
Why is the reconciliation step essential in the appraisal process?
Flip flashcard to reveal answer
Previous card
The correct answer is...
It supports the final opinion of value by analyzing all applicable approaches
Next card
Back to Question
If an appraisal method is not used, what must the appraiser do?
Flip flashcard to reveal answer
Previous card
The correct answer is...
Explain why the approach was omitted
Next card
Back to Question
When is a Cost to Repair estimate required to be reported?
Flip flashcard to reveal answer
Previous card
The correct answer is...
When the client specifically requests it
Back to Question