A prospective appraisal has a completion date..

A. In the present and an effective date in the future based on pending changes

B. In the present and an effective date in the future based on new information that has come to light

C. In the present and an effective date in the present based on current conditions

If the lender is not expressly listed as the client in an appraisal, additional correspondence is required in the form of a...

A. Letter of transmittal

B. Notarized letter

C. Letter of reliance

The bulk of the site-specific information can be found in what section of the appraisal:

A. Property Valuation

B. Property Description

C. Addenda/Appendices

The important elements in the terms of reference include everything except...

A. The scope of the appraisal

B. The valid period of the appraisal

C. The legal description of the lot