ADVISORY OPINION 12 (AO-12)

This communication by the Appraisal Standards Board (ASB) does not establish new standards or interpret existing standards. Advisory Opinions are issued to illustrate the applicability of appraisal standards in specific situations and to offer advice from the ASB for the resolution of appraisal issues and problems.

SUBJECT: Use of the Appraisal Report Options of Standards Rules 2-2 and 8-2(note1)

APPLICATION: Real Property, Personal Property

THE ISSUE:

Standards Rules 2-2 and 8-2 of the Uniform Standards of Professional Appraisal Practice (USPAP) offer three written appraisal report options. What are appropriate circumstances for the use of these options?

ADVICE FROM THE ASB ON THE ISSUE:

Relevant USPAP & Advisory References

Deciding Which Report Option to Use

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