Formal appraisals rely on supporting data, but no judgment or intuition is needed.
Correct Answer:
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Q1: State and federal laws generally require a
Q2: As a general term, value means the
Q3: Areas of public control requiring appraisals include
Q4: The only market transactions requiring appraisals are
Q5: An appraisal is simply a statement of
Q6: A court order can require an appraiser
Q7: Informal appraisals are performed by most people
Q9: Appraisals are needed to provide unbiased opinions
Q10: USPAP imposes both ethical obligations and minimum
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