The Purpose of an Appraisal Is to

question 93

Multiple Choice

The purpose of an appraisal is to

• A)estimate the current value of a home.
• B)reduce the amount paid for property taxes.
• C)qualify for a reduced mortgage rate.
• D)eliminate the need for home insurance.
• E)reduce the mortgage payments.

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Definitions:

Exercise Influence

The ability to affect the actions, beliefs, or conduct of others through persuasion or authority.

Differing Spheres

The concept of having separate areas or aspects of life, work, or society that have different roles, norms, or expectations.

Overt Power

The visible, explicit, and acknowledged capacity to influence others or the outcome of events.

Coercive Power

The ability to influence others' behavior through threats, punishment, or sanctions.