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I don't believe the article is correct in the definition of appraisals. A valuation or an approximation of value by impartial, properly qualified persons; th
by wuliwong 9y ago
I don't believe the article is correct in the definition of appraisals.
A valuation or an approximation of value by impartial, properly qualified persons; the process of determining the value of an asset or liability, which entails expert opinion rather than express commercial transactions.
http://legal-dictionary.thefreedictionary.com/appraisal http://legal-dictionary.thefreedictionary.com/appraisal
- djrogers 9y agoThe article doesn't have to be correct about the definition, it's about how Illinois regulations define it.