Which sections are always included in a Completion Report?
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Subject Property, Original Appraisal, Assignment Information, and Certifications Sections
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Fill in the blank: The Itemized List of Repairs in a Completion Report shows __________
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The Itemized List of Repairs in a Completion Report shows REPAIRS REQUIRED IN THE ORIGINAL APPRAISAL AND THEIR STATUS AT THE COMPLETION INSPECTION DATE
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What must an appraiser note in the Completion Status section if a feature does not match the original plans?
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Each feature inconsistent with original plans, including its location, quality comparison, and comments
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In the Intended User section, appraisers may add additional text under what limitation?
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Additional intended user text may be included but must not contradict or duplicate the predefined lender/client text
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During an Appraisal Update, what key market value question must the appraiser answer?
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Whether the market value has declined since the original appraisal’s effective date
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When are photographs required in a Completion Report?
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When construction is complete, to visually document the finished work
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Transcript
Which sections are always included in a Completion Report?
Flip flashcard to reveal answer
The correct answer is...
Subject Property, Original Appraisal, Assignment Information, and Certifications Sections
Back to Question
Next card
Fill in the blank: The Itemized List of Repairs in a Completion Report shows __________
Flip flashcard to reveal answer
Previous card
The correct answer is...
The Itemized List of Repairs in a Completion Report shows REPAIRS REQUIRED IN THE ORIGINAL APPRAISAL AND THEIR STATUS AT THE COMPLETION INSPECTION DATE
Next card
Back to Question
What must an appraiser note in the Completion Status section if a feature does not match the original plans?
Flip flashcard to reveal answer
Previous card
The correct answer is...
Each feature inconsistent with original plans, including its location, quality comparison, and comments
Next card
Next card
Back to Question
In the Intended User section, appraisers may add additional text under what limitation?
Flip flashcard to reveal answer
Previous card
The correct answer is...
Additional intended user text may be included but must not contradict or duplicate the predefined lender/client text
Next card
Back to Question
During an Appraisal Update, what key market value question must the appraiser answer?
Flip flashcard to reveal answer
Previous card
The correct answer is...
Whether the market value has declined since the original appraisal’s effective date
Next card
Back to Question
When are photographs required in a Completion Report?
Flip flashcard to reveal answer
Previous card
The correct answer is...
When construction is complete, to visually document the finished work
Back to Question