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When a lender seeks a residential appraisal the lender is most likely seeking a appraisal that will determined the assessed value of the home.

Is this true or false ?

Take your time. The solution is posted below the wildlife photo.

wildlife

A. False

When the lender seeks a residential appraisal for a home the lender is seeking an appraisal that will estimate market value.

Seeking assessed value is the role of the property assessor for property tax or ad valorem purposes.

 
Posted by David Saks - Broker on 07/06/2009 02:19 AM   Comments (0)   Theory and Practice in the ActiveRain Channel   theory and practice  
Originally posted at: David Saks: Real Estate Practice : Lesson 224
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David Saks - Broker

Memphis, TN

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The Real Estate Mart of Tennessee, Inc.

Address: 4040 North Watkins, Suite #4, Memphis, TN, 38127

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"Owning a home should never have to be "just a dream" for anyone. The responsibility of every real estate agent is to make home ownership a right & reality, in conformance with fairness, the principles of sound ethical judgement, justice & the laws of our nation".
David Saks - Broker
The Real Estate Mart of Tennessee


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