Alan Simmons
Member
- Joined
- Jan 15, 2002
- Professional Status
- Certified Residential Appraiser
- State
- Alabama
While studying today I came across a definition. The textbook did not specifically intend it for appraising, however for the most part asset valuation and analysts is what the section is about. I thought it might (with some fine-tuning) be a part to an Intended Use.
“[Appraising] a service activity whose function is to provide quantitative information, primarily financial in nature, about economic entities that is intend to be useful in making economic decision---in making reasoned choices among alternative courses of action.”
“[Appraising] a service activity whose function is to provide quantitative information, primarily financial in nature, about economic entities that is intend to be useful in making economic decision---in making reasoned choices among alternative courses of action.”