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Salsk061 [2.6K]
3 years ago
13

1. The most common definition of appraisal is:

Business
2 answers:
Elanso [62]3 years ago
7 0

Answer:

An appraisal is a valuation of property, such as real estate, a business, collectible, or an antique, by the estimate of an authorized person. ... Appraisals are typically used for insurance and taxation purposes or to determine a possible selling price for an item or property.

Explanation:

Hope this helps,

Have a splendiferous day!

german3 years ago
5 0

Answer:

development of an opinion of market value.

Explanation:

As defined in USPAP, an appraisal is the act or process of developing an opinion of value. The valuation process is a systematic procedure the appraiser follows to answer a client's question about real property value. The most common type of appraisal assignment is the development of an opinion of market value.

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