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Flashcards in Appraisal - Type of Value Deck (36)
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No evident for the research

cannot develop an opinion of market value


Determine Assessed Value

First thing to know
MARKET VALUE (not tax rate)


Going concern

What the tangible and intangible assets would worth if they are sold as unit - ASSUMING BUSINESS will be WELL in the FUTURE


Exposure time
Standard 1-2

When exposure time is a component of the definition for the value opinion being developed, the appraiser must develop an opinion of reasonable exposure time linked to that value opinion.


Buyer not acknowledge

Sale price > Market cost and value


Value in use

An opinion of market value cannot be developed