Pointer and Evaluation

noun

• A mark to indicate a direction or relation.
  • synonyms: arrow
• An indicator as on a dial.
• Computer science) indicator consisting of a movable spot of light (an icon) on a visual display; moving it allows the user to point to commands or screen positions.
  • synonyms: cursor
• A strong slender smooth-haired dog of Spanish origin having a white coat with brown or black patches; scents out and points to game.
  • synonyms: Spanish pointer

• (n.) The two stars (Merak and Dubhe) in the Great Bear, the line between which points nearly in the direction of the north star.
• (n.) One who or that which, points.
• (n.) The hand of a timepiece.
• (n.) Diagonal braces sometimes fixed across the hold.
• (n.) One of a breed of dogs trained to stop at scent of game, and with the nose point it out to sportsmen.

noun

• Act of ascertaining or fixing the value or worth of.
  • synonyms: rating
• An appraisal of the value of something.
  • usage: "he set a high valuation on friendship"
  • synonyms: valuation, rating

evaluation is the act or process of estimating the market value of real estate when a transaction secured by real estate falls within one or more of the exemptions set forth to the requirements for obtaining a full appraisal. If a transaction falls under one of three exemptions, an evaluation is required. If the transaction is exempted under one or more exemptions not including one of the three that require an evaluation, an evaluation may still conducted if the lender considers it prudent. An evaluation may be conducted by independent bank personnel or by an appraiser. When an appraiser conducts such an estimate of value, it is called a limited appraisal and must meet requirements for limited appraisals. See: limited appraisals and USPAP.