Question

1. an estimate of the current value of the property.

a) appraisal
b) lease
c) deed
d) invoice

Explanation:

To solve this, we analyze each option:

• Option A: An appraisal is a professional estimate of a property's current value.
• Option B: A lease is a contract for renting property, not an estimate of value.
• Option C: A deed is a legal document transferring property ownership, not an estimate.
• Option D: An invoice is a bill for goods/services, unrelated to property value estimation.

Answer:

A. appraisal