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13 Cards in this Set
- Front
- Back
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Appraisal report
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oral or written communication of value
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Certification of value
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the certification states the appraiser completed the appraisal in an objective manner, all information is correct to the best of the appraiser's knowledge, it states if the appraiser inspected the subject, or not, notes who contributed significant professional assistance, and is signed individually by the appraiser
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Complete appraisal
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one that does not use Departure provision
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Departure provision
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the provision that allows under conditions to do something less than all requirements of USPAP
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Form report
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a standardized report
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Letter of transmittal
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letter that introduces a report
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Limited appraisal
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one that invokes departure
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Narrative report
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a report that offers much explanation
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Oral report
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communicating value without a written report
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Restricted report
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one that complies with 2-2(c); the least descriptive report; the key word is "describe"
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Self-contained report
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one that complies with 2-2(a); the most descriptive report; the key word is "summarize"
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Summary report
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one that complies with 2-2(b); the middle descriptive report; the key word is "summarize"
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Uniform Residential Appraisal Report (URAR)
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standardized form used for residential
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