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Guide to Note 13 Performing Evaluations of Real Property Collateral for Lenders Introduction Federally insured lending institutions in the United States An evaluation provides a market value of the
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People Also Ask about
What is an appraisal review form?
An appraisal form is a document that managers and human resources staff use to evaluate the performance of employees. The form often includes ratings and room for comments on performance. On an appraisal form, managers keep track of employees' achievements and contributions during a specific period.
What is the standard rule 2 of USPAP?
Standards Rule 2 relates to the report itself (Standards Rule 1 relates to the development of the report). SR 2 states “In reporting the results of a real property appraisal, an appraiser must communicate each analysis, opinion, and conclusion in a manner that is not misleading.” The key word here is misleading.
What is the USPAP Advisory opinion 13?
An appraiser must be prepared to support the decision to exclude any investigation, information, method, or technique that would appear relevant to the client, another intended user, or the appraiser's peers.
What is the advisory opinion 18 of USPAP?
Relevant USPAP & Advisory References (AO-18) An appraiser must not use or communicate a misleading or fraudulent report or knowingly permit an employee or other person to communicate a misleading or fraudulent report.”
What are Advisory Opinions in USPAP?
The ASB issues Advisory Opinions which are a form of guidance to illustrate the applicability of USPAP in specific situations and to offer advice from the ASB for the resolution of appraisal issues and problems.
What is a Fannie Mae appraisal report form?
The purpose of this summary appraisal report is to provide the lender/client with an accurate, and adequately supported, opinion of the market value of the subject property.
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