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4 Cards in this Set
- Front
- Back
appraisal |
act or process of developing an opinion of value |
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an appraisal includes |
description of the property under consideration, the appraiser's opinion of the property's condition, its utility for a given purpose, and/or its probable monetary value on the open market |
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real estate |
land itself and all things permanently attached to it |
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real estate typically includes |
land, fixtures (attachments) to land, anything incidental or appurtenant to land that benefits the landowner, anything else that is considered immovable by law, except for cultivated crops and other removable things that are sold by a contract of sale that complies with the laws regulating the sale of goods |