To become licensed or certified, appraisers must fulfill rigorous education and experience requirements. The state licensed or certified appraiser is trained to render an unbiased opinion based upon extensive education and experience requirements. Most states require that real estate appraisers are state licensed or certified. That a credible, supportable appraisal report was communicated. That appraisal services were not rendered in a careless or negligent manner.

That significant errors of omission or commission were not committed individually or collectively. That the information analysis utilized in the appraisal was appropriate. In communicating an appraisal report, each appraiser must ensure the following:

After completing the report, what assurance is there that the value indicated is valid?.

The scope of work used to complete the assignment. Relevant property characteristics, including location attributes, physical attributes, legal attributes, economic attributes, the real property interest valued, and Non real estate items included in the appraisal, such as personal property, including trade fixtures and intangible items.Īll known: easements, restrictions, encumbrances, leases, reservations, covenants, contracts, declarations, special assessments, ordinances, and other items of a similar nature.ĭivision of interest, such as fractional interest, physical segment and partial holding. The effective date of the appraiser's opinions and conclusions.

The type of value reported and the definition of the value reported. Each report must reflect a credible estimate of value and must identify the following:

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