13-25A Review Appraiser Considers Several Important Elements of the Appraisal

question 1

Multiple Choice

13-25.A review appraiser considers several important elements of the appraisal including:

• A) the physical characteristics of the subject property
• B) the neighborhood of the property
• C) present and alternative land uses
• D) all of the above
• E) none of the above

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Definitions:

Drawn

Refers to the process of creating or producing something, usually in the context of drafting legal documents or pulling a negotiable instrument like a check.

Endorsement

The act of publicly supporting or approving something, or a legal amendment to a document or agreement, often seen in insurance policies or bank checks.

Forged

Created, altered, or imitated with the intent to deceive; typically refers to documents, signatures, or art.

Negligence

The failure to take reasonable care to avoid causing injury or loss to another person, resulting in legal liability for the damages caused.