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Threshold amounts in Appraisal Rule

Question: 
I’ve been told that the $500,000 threshold could include residential properties, but I thought this threshold was for commercial property only. Is this correct and will you include any examples of how this would exist?
Answer: 

The $500,000 threshold you are referring to is the Commercial Real Estate Transaction threshold and it may include 1-4 family properties. We will discuss examples in the material for both threshold increases.
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Learn more about Eric Collinsworth’s webinar Real Estate Evaluations 101 - Supporting the Value

First published on 04/19/2020

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