Real Property Appraisal
From Open Risk Manual
Definition
Real Property Appraisal. An act of real estate Valuation that determines the amount of money a real estate property is worth.
The valuation uses one or more methodologies and is conducted by an appraiser or technology with a logical model that performs the same function.
Notes
- Ensure that the appraiser parties have NMLS Identifier and contact preferences, e.g. phone number and address.
- As needed, use the worksFor property to connect appraisers to the appraisal management company.
Disclaimer
This entry annotates a FIBO Ontology Class. FIBO is a trademark and the FIBO Ontology is copyright of the EDM Council, released under the MIT Open Source License. There is no guarantee that the content of this page will remain aligned with, or correctly interprets, the concepts covered by the FIBO ontology.
Facts about "Real Property Appraisal"
| IsDefinedBy URI of an entity that is defined via an imported vocabulary. | https://spec.edmcouncil.org/fibo/ontology/LOAN/LoanContracts/LoanCore/index-en.html + |
