Real Estate Graphics Self-Contained Real Estate Appraisal Reports

Land Improved Property Commercial Appraisal Report Model Books & Narrative CD-ROM Word.Doc Files

The following eight Real Estate Graphics®, Inc., Commercial Appraisal Report Models are examples of USPAP conforming narrative real estate appraisal reports of the same hypothetical property together with examples of required exhibits in the Addenda section of the reports. These comprehensive, example appraisal reports are instructional in nature and are intended to pragmatically illustrate how to apply, in practice, the four different appraisal report options required by the Uniform Standards of Professional Appraisal Practice (USPAP) as directed by the Appraisal Standards of The Appraisal Foundation. The Commercial Appraisal Report Models include real estate appraisals and evaluations of both Land and Improved Property.

NOW AVAILABLE! CD-ROM Word. Doc file versions for the narrative portion of the following eight, USPAP conforming, Real Estate Graphics®, Inc., Commercial Appraisal Report Model Books. AppraisalEditor™ CD-ROM Word.docs include a complete report Narrative Word file, Narrative by Section files, Cover templates and Addenda Exhibit templates (Spreadsheets not included. Minimum System Requirements: MS Windows 98 or Newer).

The Model reports and Narrative CD-ROM Word.docs were developed by James D. Kramer, MAI, Realtor, who is currently active as an Independent Fee Commercial Real Estate Appraiser in his firm, Kramer Consulting, LLC. James D. Kramer has over 40 years of experience as a Commercial Real Estate Appraiser and obtained his MAI designation #4788, in November 1972.

TYPE OF APPRAISAL REPORT
Each written real property appraisal report as a requirement of USPAP must be prepared under one of the following three report options and prominently state which report option is used: Self-Contained Appraisal Report, Summary Appraisal Report, or Restricted Use Appraisal Report. According to USPAP, when the intended users include parties other than the client, either a Self-Contained Appraisal Report or a Summary Appraisal Report must be provided. When the intended users do not include parties other than the client, a Restricted Use Appraisal Report may be provided. The intended users and intended use of the assignment results dictate which reporting option is appropriate and the level of information necessary in the report. The essential difference among these three report options is in the content and level of information provided in the reports with a Self-Contained Appraisal Report being the most detail and a Restricted Use Appraisal Report being the least detail of the three appraisal report options.

Federal regulations have ruled that an Evaluation, used strictly for bank use, is not regarded to be an appraisal assignment and does not need to conform to the Uniform Standards of Professional Appraisal Practice (USPAP) requiring the services of a licensed appraiser. “Although not required, an institution may use State licensed or certified appraisers to prepare evaluations.” As such, Appraisals reported in a Summary or Restricted format may be appropriate for evaluations of real estate-related financial transactions exempt from the agencies’ appraisal requirements.”

Commercial Real Estate Appraisal Report “Models”

Code #

Description

Category

Book - 302001

CD Rom - 2001

Self-Contained Real Estate Appraisal Report

Land Only

Most Detailed USPAP Appraisal Report Option with 8 sections.

Commercial Report “Models”

Book - 302002

CD Rom - 2002