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The mass appraisal standards (STANDARDS 5 and 6) apply to the development and reporting of:

A) Single-property appraisals
B) Commercial real estate only
C) Residential real estate only
D) Mass appraisals of properties

User Damienix
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Final answer:

The mass appraisal standards (STANDARDS 5 and 6) apply to Mass appraisals of properties, rather than single-property appraisals or appraisals that are limited to commercial or residential real estate only.

Step-by-step explanation:

The mass appraisal standards (STANDARDS 5 and 6) are specifically applied to the development and reporting of option D) Mass appraisals of properties. These standards are not intended for single-property appraisals or for appraisals that only concern commercial or residential real estate on an individual basis.

Mass appraisal is a process used to value a group of properties as of a given date, using standard methods, allowing for statistical testing, and employing common data. This is often used by local government agencies for property tax assessment purposes. In contrast, single-property appraisals are tailored to a specific property and situation and might be used for purposes such as sale, mortgage lending, or insurance.

User Lydon Ch
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