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. 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 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. 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. In connection with appraisal review, Developer shall:
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. NO NO a) Review Appraiser may be selected from TxDOT’s list of state approved fee appraisers. This list is available for viewing at all District offices or the Right of Way Division office at 000 X. Xxxxxxxxx Xxxxx, Xxxxxx, Xxxxx upon request. NO NO b) Review all appraisal reports for each parcel to determine consistency of values, supporting documentation related to the conclusion reached and compliance with TxDOT/COUNTY policies and procedures and the Uniform Standards of Professional Appraisal Practices. NO NO c) Prepare and submit to TxDOT the Form ROW-RTA-10 “Tabulation of Values”, for each appraisal. Services Provided By: ENGINEER COUNTY NO NO d) The cost of the review appraiser appearing as an expert witness for testimony at special commissioners hearing must be included in the proposed fee schedule for the review appraiser. The cost of the appraiser’s expert witness testimony for trial is not part of this contract, and shall be paid by the COUNTY. 5) APPRAISAL UPDATES YES NO a) Prepare complete appraisal update for the parcel to be acquired utilizing TxDOT Form No. ROW-A-5, which will be furnished to the provider by TxDOT. These reports shall conform to COUNTY/TxDOT policies and procedures along with the Uniform Standards of Professional Appraisal Practices. YES NO b) As necessary, prepare written notification to COUNTY/TxDOT of any environmental concerns associated with the right of way to be acquired which could require environmental remediation. All completed appraisals will be administratively reviewed by L&G Engineering Right of Way Office and recommended for approval by TxDOT. YES NO c) As necessary, the appraiser will appear or testify as an Expert Witness in eminent domain proceedings and be available for pre-hearing or pre-trial meetings as directed by the TxDOT/COUNTY. YES NO d) The cost of the appraiser appearing as an expert witness for testimony at special commissioners hearing must be included in the proposed fee schedule for the appraiser. The cost of the appraiser’s expert witness testimony for trial is not part of this contract, and shall be paid by the COUNTY.
Appraisal Review. (a) Appraisal reports shall be re- viewed by a qualified review appraiser meeting the qualifications set forth in § 2201.3–1 of this part. Statements of value prepared by agency appraisers are not subject to this review.
