Answered step by step
Verified Expert Solution
Question
1 Approved Answer
A broker has been hired to appraise a property being offered for sale. The broker must arrive at the same estimated market value as the
A broker has been hired to appraise a property being offered for sale. The broker must
- arrive at the same estimated market value as the certified real estate appraiser.
- adhere to the Uniform Standards of Professional Appraisal Practice (USPAP).
- accept a fee only if the estimated value is the same or higher as the purchase agreement price.
- notify the lender immediately if the value reached is lower than the purchase price.
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started