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What is definition of appraisal?

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Zoe

Elite Member
Joined
Sep 15, 2020
Professional Status
Certified General Appraiser
State
Tennessee
 
https://www.appraisersassociation.org/education/USPAP/about-USPAP
 
"APPRAISAL: (noun) the act or process of developing an opinion of value; an opinion of value. (adjective) of or pertaining to appraising and related functions such as appraisal practice or appraisal services.Comment: An appraisal is numerically expressed as a specific amount, as a range of numbers, or as a relationship (e.g., not more than, not less than) to a previous value opinion or numerical benchmark (e.g., assessed value, collateral value)"
 
 
Too many parties to blame at this point in a complaint.
 
Govt would rather say let's manage it.
 
CFPB is handing out huge fines right and left on lenders.
 
Page 3 of 2020-2023 USPAP.
 
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