Tag: Appraisals
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Appraiser
One who is qualified to determine the price or value of things, goods, land, building, shares, stocks, etc. See First National Bank of Bernalillo County v Valuation Protest Board, 560 P.2d 174, 90 N.M. 110.
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Appraisal
Legal Definition and Related Resources of Appraisal Meaning of Appraisal Valuation or estimation of value of property by any impartial , disinterested person of suitable qualifications. See U.S. v Crowley, 522 F.2d 427. <div […]
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Appraisal Institute
Concept of Appraisal Institute in the context of Real Property A short definition of Appraisal Institute: A trade organization designed to establish standards of competency in the appraisal industry. The designations MAI (competent by the institute’s standards to appraise all types of real […]
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Appraisal Institute
Concept of Appraisal Institute in the context of Real Property A short definition of Appraisal Institute: A trade organization designed to establish standards of competency in the appraisal industry. The designations MAI (competent by the institute’s standards to appraise all types of real […]
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Appraisal Methods
Concept of Appraisal Methods in the context of Real Property A short definition of Appraisal Methods: Generally, three major methods of appraisal: Cost Approach, Income Approach, Market Value (comparables) Approach.
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Appraised Value
Concept of Appraised Value in the context of Real Property A short definition of Appraised Value: An opinion of the value of a property at a given time, based on facts regarding the location, improvements, etc., of the property and surroundings.
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Appraisal Report
Concept of Appraisal Report in the context of Real Property A short definition of Appraisal Report: A written report by an appraiser containing an opinion as to the value of a property and the reasoning leading to this opinion. The factual data supporting the opinion, such as comparables, […]
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Appraisal Fee
A fee paid by a prospective borrower to have an appraisal made of property he offers for collateral to secure his loan. As with an application fee, the appraisal fee may be treated as part of the interest on the loan for purposes of the applicable usury statute….