McKissock - General Report Writing and Case Studies Question and answers 100% correct

McKissock - General Report Writing and Case Studies Question and answers 100% correct McKissock - General Report Writing and Case Studies Appraisal - correct answer "(noun) The act or process of developing an opinion of value. an opinion of value; (adjective) of or pertaining to appraising and related functions such as appraisal practice or appraisal services."1 Report - correct answer any communication, written or oral, of an appraisal or appraisal review that is transmitted to the client or a party authorized by the client upon completion of an assignment. 2 Client - correct answer "The party or parties who engage, by employment or contract, an appraiser in a specific assignment.Comment: The client may be an individual, group, or entity, and may engage and communicate with the appraiser directly or through an agent."3 Date of the Report - correct answer The date that the appraiser completed and transmitted the appraisal report to the client. It is usually - but not always - different from the effective date of value stated in the appraisal report. Effective Date - correct answer The date to which the value applies. It can be current, prospective, or retrospective. The effective date of value establishes the viewpoint from which the appraiser viewed the appraisal problem. Intended use - correct answer "the use(s) of an appraiser's reported appraisal or appraisal review assignment result