Basic Appraisal Procedures – McKissock Exam

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Valuation process

A systematic procedure used in the valuation of real property.

Client

The party or parties who engage, by employment or contract, an appraiser in a

specific assignment.

Steps in Defining the problem

Identification and location of the real estate; Identification of the property rights;

Definition of value; Purpose and intended use of the appraisal; Effective date of

the opinion of value; Any special limiting conditions

Real property

The interests, benefits, and rights inherent in the ownership of real estate.

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jordancarter 7 months ago

This study guide is clear, well-organized, and covers all the essential topics. The explanations are concise, making complex concepts easier to understand. It could benefit from more practice questions, but overall, it's a great resource for efficient studying. Highly recommend!
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