appraisal fee
An appraiser will charge an appraisal fee for the time and labor involved with rendering a professional opinion on the fair market value of a property, guaranteed by a specific date. He or she must be licensed and certified for the document to be valid.
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The following dictionary definition list is provided for clarification only. Note that many definitions are not directly applicable to mortgages, loans or other financial terminology in this glossary. Used with permission: WordNet 2.1 Copyright 2005 by Princeton University. All rights reserved.
appraisal
Noun: appraisal, assessment (the classification of someone or something with respect to its worth)
Noun: appraisal, estimate, estimation (a document appraising the value of something (as for insurance or taxation))
fee
Noun: fee (a fixed charge for a privilege or for professional services)
Noun: fee (an interest in land capable of being inherited)
Verb: tip, fee, bung (give a tip or gratuity to in return for a service, beyond the compensation agreed on) "Remember to tip the waiter"; "fee the steward"
- appraisal fee -
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