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.