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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, |
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All material copyright 2004 by Andrews & Galvin Appraisal Services, LLC. Usage forbidden without permission. |
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