Appraisal - ask an Expert
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Appraisal means an adequately supported written opinion of the market value of the real property on a specified date that evaluates the real property rights involved according to accepted appraisal practices, and is obtained from, and signed by, a person who is a real property appraiser accredited by a state, provincial, national, or international real property appraisal organization. Appraisals may be provided in the form of a narrative, letter or form reports. The meaning of "appraisal" includes "estimate", except where there is a differentiation between them. Where an applicable statute, regulation or authority defines appraisal differently, that different definition shall apply.
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