ADVISORY OPINION 13 (AO-13)

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: Performing Evaluations of Real Property Collateral to Conform with USPAP

APPLICATION: Real Property

THE ISSUE:

How can an appraiser operating under the Uniform Standards of Professional Appraisal Practice (USPAP) develop an evaluation of real property collateral (evaluation)?

ADVICE FROM THE ASB ON THE ISSUE:

Relevant USPAP & Advisory References

Background

ASB Opinion on Evaluations of Real Property Collateral

Illustrations

Reporting the Results of an Evaluation

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