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Old 25th September 2006, 08:41 AM   #21
Ian
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Join Date: Dec 2004
Location: The Aussie Bush
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It's my understanding that an appraisal is a statement of the current market value of something, usually provided by an expert, mainly for the purpose of selling the item or insuring it.

We have at least a couple of attorneys on the Forum who can give a legal definition of "appraisal," but basically saying something is outrageously over priced is not an appraisal as I understand the term.

Ian.
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