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Several factors are considered in determining the value of a property during house appraisals, including the property's location, size, condition, age, features, and recent sales of comparable properties in the area.

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10mo ago

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What factors are considered in determining whether a particular act is subject to Respondeat Superior?


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When determining a loan rating, factors such as the borrower's credit history, income, debt-to-income ratio, employment status, and the purpose of the loan are considered. These factors help lenders assess the borrower's ability to repay the loan and the level of risk involved in lending to them.


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What of these is a document that gives an estimate of a property's fair market value?

A document that provides an estimate of a property's fair market value is called an appraisal report. This report is typically prepared by a licensed appraiser and considers various factors, including the property's condition, location, and comparable sales in the area. Appraisals are commonly used in real estate transactions, refinancing, and tax assessments to determine a property's worth.


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