Standards Rule 8-1

Each written or oral personal property appraisal report must:
 

(a)

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

(b)

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

(c)

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