T,25,846,1,0,In your opinion, has the appraiser proven his or her
T,25,858,1,0,case?
T,315,859,1,0,75.
T,25,871,1,0,Do you concur with the value conclusion of the
T,25,883,1,0,appraiser, based upon data contained within the
T,25,894,1,0,report?
T,315,884,1,0,76.
T,25,908,1,0,Are the appraiser's comments and final reconciliation
T,25,919,1,0,of value adequate and does the appraisal give insight
T,25,931,1,0,into the value and marketability of the subject
T,25,942,1,0,property?
T,315,898,1,0,77.
T,25,956,1,0,Is it clear which approach to value was given the most
T,331,859,1,0,Is the final estimate of value weighted by the most
T,331,871,1,0,appropriate approach to value?
T,331,846,1,0,weight in the final estimate of value?
T,331,898,1,0,Has the appraiser signed the report and typed his or
T,331,910,1,0,her name under the signature?
T,331,923,1,0,Is there a phone number on the report and/or cover
T,331,935,1,0,letter which would enable the reviewer to contact the
T,331,946,1,0,appraiser and clarify a questionable appraisal report?
T,315,923,1,0,78.
T,315,252,1,0,54.
T,9,748,1,0,69.
T,25,748,1,0,Has supporting data been submitted?
T,25,734,1,0,Has the income approach been completed?
T,331,734,1,0,Is supporting data valid and correctly analyzed? 70.
T,25,252,1,0,Has the appraiser selected his or her comparables from
T,25,263,1,0,the subject neighborhood?
T,331,277,1,0,Does the appraiser's final value conclusion relate for
T,331,288,1,0,the adjusted comparables?
T,331,427,1,0,Can you read the appraisal report, step by step, and
T,331,439,1,0,arrive at the same conclusion of value as the
T,331,450,1,0,appraiser?
T,315,302,1,0,56.
T,331,302,1,0,Has the appraiser selected good market data and
T,331,313,1,0,handled it well?
T,315,327,1,0,57.
T,331,327,1,0,Has the appraiser commented on the subject's
T,331,339,1,0,marketability?
T,331,352,1,0,Does the appraiser's marketability information appear
T,331,364,1,0,to be accurate?
T,331,377,1,0,Has the appraiser avoided the appearance of backing
T,331,389,1,0,into any or all of the approaches to value?
T,315,352,1,0,58.
T,9,252,1,0,41.
T,25,277,1,0,If not, has the appraiser explained why comparables
T,25,288,1,0,were selected from a different neighborhood?
T,9,277,1,0,42.
T,25,302,1,0,In your opinion, are the comparables really similar with
T,25,313,1,0,respect to location, site, design and style, quality and
T,25,325,1,0,amenities, as well as size and utility?
T,25,337,1,0,If no, Comp. # needs to be replaced.
T,25,350,1,0,Are all the comparables recent sales of similar
T,25,362,1,0,properties from the subject neighborhood?
T,9,302,1,0,43.
T,9,350,1,0,44.
T,25,375,1,0,If the comparables are over three months old, has the
T,25,387,1,0,appraiser explained why he or she failed to use recent
T,25,398,1,0,sales?
T,9,375,1,0,45.
T,25,412,1,0,Are room counts and square foot areas of the subject
T,25,424,1,0,and comparables similar?
T,9,412,1,0,46.
T,25,437,1,0,Do the sale prices of the comparables correlate and
T,25,449,1,0,indicate comparability?
T,9,437,1,0,47.
T,25,462,1,0,Do the prices per square foot of the comparables
T,25,474,1,0,correlate and indicate comparability?
T,9,462,1,0,48.
T,25,487,1,0,Has the appraiser bracketed his or her sales data
T,25,499,1,0,(before making adjustments)?
T,9,587,1,0,53.
T,25,512,1,0,Do time adjustments, for date of sale, appear
T,25,524,1,0,reasonable in light of market trends and current
T,25,535,1,0,market conditions?
T,9,512,1,0,50.
T,25,549,1,0,Has the appraiser avoided numerous adjustments? 51.
T,25,562,1,0,Has the appraiser adjusted all comparables in a
T,25,574,1,0,reasonable and consistent manner?
T,25,587,1,0,Are total gross adjustments exceeding 25% of the
T,25,599,1,0,comparables sales price and individual line adjustments
T,25,611,1,0,exceeding 10% of the comparables sales price
T,25,622,1,0,adequately explained and justified?
T,331,252,1,0,Are the appraiser's mathematical calculations
T,331,263,1,0,accurate?
T,315,377,1,0,59.
T,331,402,1,0,Is there clarity with respect to the appraiser's
T,331,414,1,0,reasoning?
T,331,464,1,0,Does the appraiser appear to be an individual offering
T,331,475,1,0,an independent and impartial third party opinion of
T,331,487,1,0,value rather than an advocate?
T,331,501,1,0,Are all the required photographs attached and do they
T,331,512,1,0,adequately show the subject and surrounding
T,331,524,1,0,properties?
T,315,402,1,0,60.
T,331,537,1,0,Is any other needed illustrative material attached and
T,331,549,1,0,properly completed?
T,315,636,1,0,67.
T,331,562,1,0,If the appraiser is using computer generated data, are
T,331,574,1,0,the facts and comments in the report accurate and
T,331,586,1,0,applicable to the subject and comparable properties?
T,315,562,1,0,65.
T,331,599,1,0,Does it appear that the appraiser has clearly thought
T,331,611,1,0,through this process rather than using a computer as a
T,331,622,1,0,substitute?
T,315,537,1,0,64.
T,331,636,1,0,Is the market analysis section complete and accurate?
T,338,55,1,0,Marketing time is reasonably estimated, cash flow discounted for
T,338,66,1,0,marketing times over 12 months.
T,323,80,1,0,g)
T,338,80,1,0,Current market trends affecting value are analyzed.
T,9,50,2,0,Federal
T,39,50,2,0,Regulatory
T,81,50,2,0,Agencies have required that the following information be
T,9,59,2,0,included in an Appraisal Report:
T,323,55,1,0,f)
T,9,101,1,0,b)
T,25,101,1,0,The
T,43,101,1,0,Market
T,73,101,1,0,Value conclusion is the most probable price the property
T,25,113,1,0,should bring.
T,9,126,1,0,c)
T,25,126,1,0,The format or forms used allow the reader to understand all
T,25,138,1,0,conclusions and analysis procedures and all supporting documentation
T,25,150,1,0,used to arrive at the value conclusion.
T,9,163,1,0,d)
T,25,163,1,0,Prior Sales are within 1 year on 1-4 family residential, within 3 years on
T,25,175,1,0,all other properties.
T,9,188,1,0,e)
T,25,188,1,0,Analysis on current revenues, expenses and vacancies for continuing
T,25,200,1,0,income-producing properties.
T,323,94,1,0,h)
T,338,94,1,0,Analysis of appropriate deductions and discounts for proposed
T,338,105,1,0,construction, partially leased or leased at other than market rent, or
T,338,117,1,0,tract developments with unsold units.
T,323,130,1,0,i)
T,338,130,1,0,No direction was given to influence the appraiser.
T,323,144,1,0,j)
T,338,144,1,0,A legal description is included.
T,323,157,1,0,k)
T,338,157,1,0,Any items not real property that impact the market value are identified
T,338,169,1,0,and valued.
T,323,182,1,0,l)
T,338,182,1,0,A reasonable valuation method explains approaches to market values
T,338,194,1,0,used and not used.
T,241,236,3,0,YES
T,266,236,3,0,NO
T,288,236,3,0,N/A
T,1,1228,4,0,Copyright c 1992 by the National Association of Review Appraisers and Mortgage Underwriters, 8383 East Evans Road, Scottsdale, Arizona 85260-3614 USA.
T,1,1237,4,0,This form was reproduced by United Systems Software Company (800) 969-8727
T,9,1200,5,0,Reviewer's
T,9,1210,5,0,Signature
T,245,1139,5,0,Sales Price $
T,259,1173,5,0,Title
T,486,1210,5,0,Date of Review
T,418,1139,5,0,Appraiser's Value $
T,131,1136,5,0,Yes
T,186,1136,5,0,No
T,234,1040,5,0,Poor
T,131,1071,5,0,Have another appraisal prepared by someone else
T,368,1055,5,0,Accept when revised-See items #
T,131,1056,5,0,Accept as is
T,368,1070,5,0,Other
T,9,1136,5,0,Field Review was made
T,9,1164,5,0,Reviewer's
T,486,1173,5,0,Date of Review
T,259,1210,5,0,Title
T,9,1173,5,0,Signature
T,9,1042,5,0,Appraisal report was:
T,315,599,1,0,66.
T,315,277,1,0,55.
T,547,830,3,0,YES
T,572,830,3,0,NO
T,594,830,3,0,N/A
T,547,236,3,0,YES
T,572,236,3,0,NO
T,594,236,3,0,N/A
T,25,76,1,0,Uniform
T,61,76,1,0,Standards of
T,121,76,1,0,Professional
T,173,76,1,0,Appraisal
T,214,76,1,0,Practice have been
T,25,88,1,0,followed and complied with.
T,9,76,1,0,a)
T,9,487,1,0,49.
T,9,562,1,0,52.
T,315,427,1,0,61.
T,315,464,1,0,62.
T,315,501,1,0,63.
T,9,973,5,0,Reviewer's Comments
T,9,734,1,0,68.
T,9,652,5,0,Reviewer's Comments
T,241,830,3,0,YES
T,266,830,3,0,NO
T,288,830,3,0,N/A
T,241,718,3,0,YES
T,266,718,3,0,NO
T,288,718,3,0,N/A
T,9,846,1,0,71.
T,9,871,1,0,72.
T,9,908,1,0,73.
T,9,956,1,0,74.
T,9,764,5,0,Reviewer's Comments
T,547,718,3,0,YES
T,572,718,3,0,NO
T,594,718,3,0,N/A
T,131,1040,5,0,Good
T,9,1058,5,0,Recommendation:
T,186,1040,5,0,Fair
T,331,884,1,0,Is the appraiser's value conclusion reasonable?
