Real Estate Appraisals, Business and finance homework help
Chapter one explains ;the history of appraisal, appraisal practice, appraisal purposes and uses as well as the appraisal field’s relationship to Real Estate Financing. ; According to the lesson ;the last major financial crisis ; in real estate was the savings & loan crisis of the 1980s.
- After this financial disaster in the 1980s what safeguards were implemented bo preven this from happening again?
- Is it possible that ;activities in the appraisal industry might ;contributed to the real estate financial crisis of the 2007-2009?
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Appraisal is defined as “an opinion of value”. ; Appraisals are ;important for the real estate industry and the industry stakeholders, i.e. buyers, sellers, agents, brokers, investors, lenders, borrowers and others. ; In your opinion what would ;the situation be if the appraisal industry did not exist?
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