03

Question 1

an appraisal review performed by a third-party appraiser who carefully checks the validity of all the work that the first appraiser did.

Answer 1

field review

Question 2

any property that has sold and is similar enough in features, location, and proximity in time to inform the value of the subject property.

Answer 2

comparable

Question 3

a report that compares the prices of recently sold or listed home (“comparables”) in order to estimate the market value of a similar property the (“subject property”) located in the same area.

Answer 3

comparative market analysis (CMA)

Question 4

the property that is the subject of the comparative market analysis or appraisal.

Answer 4

subject property