Standards Rule 3-3

 

Each written appraisal review report must contain a signed certification that is similar in content to the following form:
 

I certify that, to the best of my knowledge and belief:
 

 

the facts and data reported by the reviewer and used in the review process are true and correct.

 

 

the analyses, opinions, and conclusions in this review report are limited only by the assumptions and limiting conditions stated in this review report and are my personal, impartial, and unbiased professional analyses, opinions, and conclusions.

 

 

I have no (or the specified) present or prospective interest in the property that is the subject of the work under review and no (or the specified) personal interest with respect to the parties involved.

 

 

I have no bias with respect to the property that is the subject of the work under review or to the parties involved with this assignment.

 

 

my engagement in this assignment was not contingent upon developing or reporting predetermined results.
 

 

my compensation is not contingent on an action or event resulting from the analyses, opinions, or conclusions in this review or from its use.

 

 

my analyses, opinions, and conclusions were developed and this review report was prepared in conformity with the Uniform Standards of Professional Appraisal Practice.

 

 

I have (or have not) made a personal inspection of the subject property of the work under review. (If more than one person signs this certification, the certification must clearly specify which individuals did and which individuals did not make a personal inspection of the subject property of the work under review.)

 

 

no one provided significant appraisal, appraisal review, or appraisal consulting assistance to the person signing this certification. (If there are exceptions, the name of each individual(s) providing appraisal, appraisal review, or appraisal consulting assistance must be stated.)

 

 

Comment: A signed certification is an integral part of the appraisal review report. A reviewer who signs any part of the appraisal review report, including a letter of transmittal, must also sign this certification.

Any reviewer(s) who signs a certification accepts full responsibility for all elements of the certification, for the assignment results, and for the contents of the appraisal review report.

When a signing reviewer(s) has relied on work done by appraisers and others who do not sign the certification, the signing reviewer is responsible for the decision to rely on their work. The signing reviewer(s) is required to have a reasonable basis for believing that those individuals performing the work are competent.  The signing appraiser(s) also must have no reason to doubt that the work of those individuals is credible.

The names of individuals providing significant appraisal, appraisal review, or appraisal consulting assistance who do not sign a certification must be stated in the certification. It is not required that the description of their assistance be contained in the certification, but disclosure of their assistance is required in accordance with Standards Rule 3-2(c) (note48)

For reviews of business or intangible asset appraisal reports, the inspection portion of the above certification is not applicable.

 

 

 

 

 

TABLE OF CONTENTS

 

 

USPAP 2008–2009 Edition
©The Appraisal Foundation