A Real Estate Appraiser Charges a Fee That Depends on the Estimated

question 92

Multiple Choice

A real estate appraiser charges a fee that depends on the estimated value, V, of the property. A table giving the fees charged for various estimated values of the real estate appears below. Value of Property
Appraisal Fee $350 $525 $950 $2500 $3000
A. Evaluate this function when V = $437,000.
B. Evaluate this function when V = $9,000,000.

• A) (a) $525; (b) $3000
• B) (a) $3000; (b) $525
• C) (a) $500,000; (b) $10,000,000
• D) (a) $950; (b) $3500
• E) (a) $525; (b) $525

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Definitions:

Downcoding

The insurance carrier bases reimbursement on a code level lower than the one submitted by the provider.

Insurance Carrier

A company that provides insurance policies to individuals or entities, offering financial protection against losses.

HCPCS Code

Stands for Healthcare Common Procedure Coding System, used for coding healthcare procedures, services, and equipment for billing purposes.

Add-on Code

In computing or healthcare billing, a code that indicates an additional service was performed beyond the primary service.