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Which of the following statements is NOT TRUE about a real estate appraisal? Question options: It is an estimate of the value of real property.

Which of the following statements is NOT TRUE about a real estate appraisal?

Question options:

It is an estimate of the value of real property.

Definition of the appraisal problem is the first step.

It focuses exclusively on the physical property.

It utilizes general and specific data.

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