What is Appraisal? | REAL-ESTATE-SALESPERSON Exam Prep

An appraisal is a professional assessment of a property's market value, typically required by lenders before approving a mortgage to ensure the loan amount is appropriate. 📚 Learn more about Appraisal and other key terms for your REAL-ESTATE-SALESPERSON exam at Open Exam Prep. 🎯 This term appears on: REAL-ESTATE-SALESPERSON 🔗 Full glossary: https://www.open-exam-prep.com/glossary 🔗 Appraisal definition: https://www.open-exam-prep.com/glossary/appraisal 💡 Exam Tip: Three appraisal methods: Sales Comparison, Cost, Income. Residential uses sales comparison. --- #real-estate #examprep #financeexam #real-estate-salesperson