Purpose of the Appraisal:

The purpose of an appraisal is commonly defined as "the stated reason for an appraisal assignment, i.e. to develop an opinion of the defined value of any real property interest."*

 

* definitions from The Dictionary of Real Estate Appraisal - Fourth Edition,
   Appraisal Institute, 2002

  

 

 

 

 

 

 

 

 

 

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