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Code · Illinois · Chapter 205 — FINANCIAL REGULATION · Act 205

Sec. 1007.10. "Appraisal" means a professionally derived written conclusion of the value of the present worth of specified interests or rights in a specific piece of real pro.

53 words·~1 min read·/il/chapter-205/act-205/1007-10·

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Sec. 1007.10. "Appraisal" means a professionally derived written conclusion of the value of the present worth of specified interests or rights in a specific piece of real property, which conclusion is supported by stipulated market conditions and explicitly stated assumptions as of a particular point in time and made for a specified party.
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