| a) Self Contained
Appraisal Report |
b) Summary
Appraisal Report |
c) Restricted Appraisal
Report |
| state the client and any
intended users, by name or type; |
state the client and any
intended users, by name or type; |
state the
identity of the client by name or type; |
| state the intended
use of the appraisal; |
state the
intended use of the appraisal; |
state the
intended use of the appraisal; |
| describe
information sufficient to identify the real estate or personal
property involved in the appraisal, including the physical and
economic property characteristics relevant
to the assignment; |
summarize information
sufficient to identify the real estate or personal property involved
in the appraisal, including the physical and economic property
characteristics relevant to the
assignment; |
state information
sufficient to identify the real estate or personal property involved
in the appraisal; |
| state
the property interest appraised; |
state
the property interest appraised; |
state
the property interest appraised; |
| state
the purpose of the appraisal, including the type and definition of
value and its source; |
state
the purpose of the appraisal, including the type and definition of
value and its source; |
state
the purpose of the appraisal, including the type and definition of
value and its source; |
| state the
effective date of the appraisal and the date of the report; |
state the
effective date of the appraisal and the date of the report; |
state the
effective date of the appraisal and the date of the report; |
| describe
sufficient information to disclose to the
client and any intended users of the appraisal the scope of work used
to develop the appraisal; |
summarize
sufficient information to disclose to the client and any intended
users of the appraisal the scope of work used to develop
the appraisal; |
state
the extent of the process of collecting, confirming, and reporting
data or refer to an assignment agreement retained in the appraiser's
work file, that describes the scope of work to be performed; |
| state all
assumptions, hypothetical conditions and limiting conditions that
affected the analyses, opinions and conclusions; |
state all
assumptions, hypothetical conditions and limiting conditions that
affected the analyses, opinions and conclusions; |
state all
assumptions, hypothetical conditions and limiting conditions that
affected the analyses, opinions and conclusions; |
| describe
the information analyzed, the appraisal
procedures followed and the reasoning that supports the analyses,
opinions and conclusions; |
summarize
the information analyzed, the appraisal
procedures followed and the reasoning that supports the analyses,
opinions and conclusions; |
state
the appraisal procedures followed, the value opinion(s) and
conclusion(s) reached and reference the work file; |
| state the use of
the property existing as of the date of value and the use of the real
estate or personal property reflected in the appraisal; and, when the
purpose of the assignment is market value, describe the support and
rationale for the appraiser's opinion of the highest and best use of
the real estate or personal property; |
state the use of
the property existing as of the date of value and the use of the real
estate or personal property reflected in the appraisal; and, when the
purpose of the assignment is market value, summarize the support and
rationale for the appraiser's opinion of the highest and best use of
the real estate or personal property; |
state the use of
the property existing as of the date of value and the use of the real
estate or personal property reflected in the appraisal; and, when the
purpose of the assignment is market value, state the support and
rationale for the appraiser's opinion of the highest and best use of
the real estate or personal property; |
| state
and explain any permitted departures from specific requirements of
STANDARD 1 or 7 and the reason for excluding any of the usual
valuation approaches; |
state and explain
any permitted departures from specific requirements of STANDARD 1 or 7 and the reason for
excluding any of the usual valuation approaches; |
state and explain
any permitted departures from specific requirements of STANDARD 1 or 7;
state the exclusion of any of the usual appraisal approaches; and state a prominent use restriction
that limits use of the report to the client and warns that the appraiser's opinions and
conclusions set forth in the report cannot be understood properly without additional
information in the appraiser's work file; |
| include a signed
certification in accordance with Standards Rule 2-3 or 8-3 |
include a signed
certification in accordance with Standards Rule 2-3 or 8-3 |
include a signed
certification in accordance with Standards Rule 2-3 or 8-3 |
