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Criteria for an Appraisal Report

Anatomy of an Appraisal

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Each real estate appraisal report must reflect a credible estimate of property value and must identify the following:


    The client and other intended users

    The intended use of the report

    The purpose of the assignment

    The type of value reported and the definition of the value reported

    The effective date of the appraiser's opinions and conclusions


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


All known: easements, restrictions, encumbrances, leases, reservations, covenants, contracts, declarations, special assessments, ordinances, and other items of a similar nature


Division of interest, such as fractional interest, physical segment and partial holding

The scope of work used to complete the assignment.