Appraisal Review. A written report prepared independently and without bias by a qualified appraiser setting forth an opinion about the quality of another appraiser’s work that was performed as part of an appraisal assignment.
Appraisal Review. The act or process of developing and communicating an opinion about the quality of another appraiser’s work that was performed as part of an appraisal or appraisal review. (source: USPAP 2016-2017 edition)
Appraisal Review. At the same time the completed Appraisal report is delivered (by whatever means) to the Appraisal Department, the report may be forwarded or otherwise made available to the applicable Branch Manager.
Appraisal Review. The certification panel will consult with the NRCS national appraiser to determine if the appraisals and related appraisal reviews of the last five FRPP transactions were reviewed by the national appraiser. If so, the results of the review will be considered.
Appraisal Review. The Consultant will furnish appraisal review services by a Wisconsin Certified General Appraiser, qualified by training and recent airport experience, and able to prepare and furnish the appraisal review reports required to determine current fair market value. The Consultant, typically through its acquisition agent, will complete an appraisal objective review to determine whether the appraisal report is of the correct type, whether the appraised area and interest match the property survey, whether the correct certificate of appraiser was completed, and whether the property owner was offered an opportunity to accompany the appraiser during inspection and that this was noted in the report. The review appraiser will complete a BOA Agency Appraisal Review, Certification and Recommendation form for each agency appraisal for the parcel(s) listed on the Exhibit “A” Proposed Land Acquisition Map. The review appraiser will complete a BOA Owner Appraisal, Review and Certification for all property owner second appraisals. The same review appraiser should review both the agency and property owner appraisals. The Consultant shall apply the legal opinions and conclusions of law as given by the Department; shall use proper and applicable appraisal techniques, methods and analyses; and, agrees to prepare the appraisal review reports in accordance with the Bureau’s policies, Appraisal and Appraisal Review Guidelines for Land Acquisition. The appraiser who completed the appraisal review must be the person to officially sign the appraisal review report.
Appraisal Review. (1) Appraisal reports shall be reviewed by a qualified review appraiser meeting the qualifications set forth in paragraph (a) of this section. Statements of value prepared by agency appraisers are not subject to this review. (2) The review appraiser shall determine whether the appraisal report: (i) Is complete, logical, consistent, and supported by market analysis; (ii) Complies with the standards prescribed in paragraph (c) of this section; and (iii) Reasonably estimates the probable market value of the lands appraised. (3) The review appraiser shall prepare a written review report, containing at a minimum: (i) A description of the review process used; (ii) An explanation of the adequacy, relevance, and reasonableness of the data and methods used by the appraiser to estimate value; (iii) The review appraiser's conclusions regarding the appraiser's estimate of market value; and (iv) A certification by the review appraiser to the following: (A) The review appraiser has no present or prospective interest in the property which is the subject of the review report; and (B) The review appraiser has not received compensation that was contingent upon approval of the appraisal report. § 254.10
Appraisal Review. If either party concludes that an Appraisal contains a material omission or material error of fact, such party may, within 10 days after receipt of the Appraisal, request a reconsideration of the Appraisal, as allowed by applicable law, at the party’s own cost.
Appraisal Review. The Consultant will perform a separate review of each appraisal. The Consultant will insure that all real property appraisal reviews are performed by a qualified appraiser who is, as defined by the New York State Department of State, Certified General Real Estate Appraisers. The appraisal review will be completed in conformance with the Uniform Standards of Professional Appraisal Practice, Standard 3, Real Property Appraisal Review, Development, and Reporting. The Consultant will review the appraisal reports for compliance with state and federal standards. The Consultant will take corrective actions. The review appraiser will: o Identify and make corrections to mathematical calculations and typographical errors, if necessary o Assure real property appraisal development and reporting are in accordance with the appraisal subcontract o Assure real property appraisal development and reporting are complete and meet the Uniform Standards of Professional Appraisal Practice standards o State the basis for the fair market value conclusion and provide breakdowns adequate for New York State Department of Transportation audit, Federal Highway Administration eligibility review, and for negotiation purposes. The Consultant will provide the Municipality with the highest approved appraised amount for each property rights acquisition.
Appraisal Review. (1) Within thirty (30) days, the Board shall develop, adopt, and implement an independent review and analysis process to ensure that appraisals conform to appraisal standards and regulations. The appraisal review and analysis process must:
Appraisal Review a. The CONSULTANT agrees to furnish the LPA all comparables used in the report, attached to each report, consisting of sufficient sales data in the vicinity of the project and of such recent date that a pattern of values may be established. Each comparable property is to be identified by photograph and will be located on electronic map attached to each report that is to be furnished to the LPA.
