What qualifications does a mortgage lender require of an


1. Define an appraisal.

2. What qualifications does a mortgage lender require of an appraiser?

3. Name the three most common appraisal report formats and how they differ in content and use.

4. Describe each of the three approaches to value and give examples of the property type for which each would be most applicable.

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Finance Basics: What qualifications does a mortgage lender require of an
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