Standards Rule 5-1

Each written or oral real property appraisal consulting report must:
 

(a)

clearly and accurately set forth the appraisal consulting assignment results in a manner that will not be misleading;

(b)

contain sufficient information to enable the intended users of the appraisal consulting assignment results to understand the report properly; and

(c)

clearly and accurately disclose all assumptions, extraordinary assumptions, hypothetical conditions, and limiting conditions used in the assignment.

Comment: The content of a real property appraisal consulting report must be sufficiently comprehensive so that an intended user can understand the problem addressed and the analyses, and follow the reasoning through each step of the analytical process. It is essential that throughout the report the data, analyses, assumptions and conclusions are logical and adequately supported.