Real Estate Appraisal Requirements

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Question

Real estate must be valued through an independent appraisal at least ________ unless client agreements state otherwise.

Answers

A. once every five years

B. once every year

C. once every three years

D. once every two years

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Explanations

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A. B. C. D.

Real estate must be valued through an independent appraisal at least once every three years unless client agreements state otherwise. Real estate valuations must be reviewed at least quarterly. This is a requirement for calculation of returns.

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