|
|||||||||||||||
About Report
Types: Self-Contained Report: A
written appraisal report prepared under the Standards Rule 2-2(a) of the
Uniform Standards of Professional Appraisal Practice (USPAP, 2002 ed.).
A self-contained appraisal report sets forth the data considered, the
appraisal procedures followed, and the reasoning employed in the
appraisal, addressing each item in the depth and detail required by its
significance to the appraisal and providing sufficient information so
that the client and the users of the report will understand the
appraisal and not be misled or confused. Summary Report: A
written appraisal report prepared under the Standards Rule 2-2(b) or
8-2(b) of the Uniform Standards of Professional Appraisal Practice
(USPAP, 2002 ed.). A summary appraisal report contains a summary
of all information significant to the solution of the appraisal problem.
The essential difference between a self-contained appraisal report and a
summary appraisal report is the level of detail presented. Restricted Use Report:
A written appraisal report prepared under the Standards Rule 2-2(c),
8-2(c), or 10-2(b) of the Uniform Standards of Professional Appraisal
Practice (USPAP, 2002 ed.). A restricted use appraisal report
should contain a brief statement of information significant to the
solution of the appraisal problem. *Definition from "The
Dictionary of Real Estate Appraisal," 4th edition,
|
|||||||||||||||
|
|||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
||
|
|||||||||||||||
All material copyright 2004 by Andrews & Galvin Appraisal Services, LLC. Usage forbidden without permission. |