A lender first orders an appraisal on a mixed-use building with retail space and apartments, then asks about a later assignment involving industrial land. Which credential clearly has authority to appraise all types of real property under AQB minimum classifications?
Correct Answer
D) Certified General Appraiser
The Certified General Appraiser classification is the broadest AQB real-property credential. It authorizes appraisal of all types of real property, including residential, commercial, industrial, agricultural, and other property types.
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More Valuation Market Analysis Questions
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Previous Question
Broker Dana Ruiz needs an appraisal for a complex four-unit residential property with a transaction value of $350,000. Assuming the state follows AQB minimum classification standards and offers all classifications, what is the minimum appraiser classification that may perform the appraisal?
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In two similar assignments, appraiser Heather Mills writes extensive comments labeling one area a "high-crime neighborhood" and ties that phrase to a lower value conclusion, even though she did not analyze crime statistics consistently across comparable assignments. What is the best appraisal compliance conclusion?