Question: How does an appraiser determine fair market value? The appraiser uses the cost approach The way to identify the exact boundaries of a property is

How does an appraiser determine fair market value?

The appraiser uses the cost approach

The way to identify the exact boundaries of a property is with a

name

street address

legal description

GoogleMaps

They use the income approach

Uses their education and experience based on market data to determine their opinion of value

They use the sales comparison approach

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