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Docket No. 170013
Staff Motion, Attachment A, Exhibit 5SAP Contract No. 4400014577AGREEMENT FOR
APPRAISAL SERVICES
BETWEEN ILLINOISAMERICAN WATER COMPANY
AND EDWARD J. BASIS & ASSOCIATES, INC.
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How to fill out agreement for appraisal services
How to fill out agreement for appraisal services
01
Start by downloading a template for an agreement for appraisal services.
02
Read through the template to understand the terms and conditions.
03
Fill in the details of the parties involved in the agreement, such as the name and contact information of the appraiser and the client.
04
Specify the scope of the appraisal services to be provided.
05
Include the payment terms, such as the fees and payment schedule.
06
Outline any specific deadlines or milestones for the appraisal process.
07
Include any additional clauses or terms that are relevant to the agreement.
08
Review the agreement to ensure all necessary information is included and the language is clear.
09
Sign and date the agreement, preferably in the presence of a witness.
10
Provide copies of the signed agreement to all parties involved.
Who needs agreement for appraisal services?
01
Individuals seeking to have their property appraised, such as homeowners who want to determine the value of their home for sale or insurance purposes.
02
Real estate agents or brokers who require appraisals for their clients' properties.
03
Lenders or financial institutions that need to assess the value of properties for loan purposes.
04
Legal professionals involved in cases where property value is a significant factor, such as divorce settlements or estate planning.
05
Government agencies or organizations that require appraisals for tax assessments or public land valuations.
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What is agreement for appraisal services?
An agreement for appraisal services is a formal document that outlines the terms and conditions under which appraisal services will be provided, including the scope of work, fees, responsibilities, and timelines.
Who is required to file agreement for appraisal services?
Typically, individuals or entities seeking appraisal services, such as property owners, lenders, or real estate agents, are required to file an agreement for appraisal services.
How to fill out agreement for appraisal services?
To fill out an agreement for appraisal services, one should provide accurate details including the parties involved, description of the property to be appraised, scope of the services, fee structure, and any relevant timelines.
What is the purpose of agreement for appraisal services?
The purpose of an agreement for appraisal services is to establish a clear understanding between the appraiser and the client regarding the expectations, deliverables, and legal obligations associated with the appraisal process.
What information must be reported on agreement for appraisal services?
The information that must be reported includes the names of the parties involved, property details, services required, fee amounts, payment terms, and any special conditions or agreements.
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