| a) Self
Contained Appraisal Report |
b)
Summary Appraisal Report |
c)
Restricted Appraisal Report |
| identify and describe
the real-estate being appraised |
identify and provide a summary
description of the real estate being appraised |
identify the real estate being
appraised |
| state the
real property interest being appraised |
state the
real property interest being appraised |
state the
real property interest being appraised |
| state the
purpose and intended use of the appraisal |
state the
purpose and intended use of the appraisal |
state the
purpose and intended use of the appraisal |
| define the value to be estimated |
define the value to be estimated |
state and reference a
definition of the value to be estimated |
| state the
effective date of the appraisal and date of the report |
state the
effective date of the appraisal and date of the report |
state the
effective date of the appraisal and date of the report |
| state the extent of the
process of collecting, confirming and reporting date.
Comment...the full extent of the process should be apparent to
the reader in the contents of the report
|
summarize the extent of the
process of collecting, confirming and reporting data.
Comment...the full extent of the process should be apparent to
the reader in the contents of the report
|
describe the extent of the
process of collecting, confirming and reporting data
Comment...the full extent of the process should be apparent to
the reader in the contents of the report
|
| state all
assumptions and limiting conditions that affect the analyses, opinions
and conclusions |
state all
assumptions and limiting conditions that affect the analyses, opinions
and conclusions |
state all
assumptions and limiting conditions that affect the analyses, opinions
and conclusions |
| describe the information
considered, the appraisal procedures followed, and the reasoning that
supports the analyses, opinions and conclusions |
summarize the appraiser's
opinion of the highest and best use of the real estate, when such and
opinion is necessary and appropriate. |
state the appraisal
procedures followed, state the value conclusion and
reference the existence of specific file information in support of the
conclusion |
| describe the appraiser's
opinion of the highest and best use of the real estate, when such and
opinion is necessary and appropriate. |
summarize the appraiser's
opinion of the highest and best use of the real estate, when such and
opinion is necessary and appropriate. |
state the appraiser's
opinion of the highest and best use of the real estate, when such and
opinion is necessary and appropriate. |
| explain and support the exclusion of any of
the usual valuation approaches |
explain and support the exclusion of any of
the usual valuation approaches |
state the exclusion of any of the usual
valuation approaches |
| describe any additional
information athat may be appropriate to show compliance with, or clearly
identify and explain permitted departures from, the specific guidelines
of Standard 1 |
summarize any additional
information athat may be appropriate to show compliance with, or clearly
identify and explain permitted departures from, the specific guidelines
of Standard 1 |
contain a prominent use restriction that
limits reliance on the report to the client and warns that the report
cannot be understood properly without additional infomation in the
workfile of the appraiser, and clearly identify and explain
permitted departures from the specific guidelines of Standard 1 |
| include a signed
certification in accordance with Standards Rule 2-3 |
include a signed
certification in accordance with Standards Rule 2-3 |
include a signed
certification in accordance with Standards Rule 2-3 |
