Real estate
Residential property, commercial buildings, land.
Fields on every file
You record year built, beds and baths, lot size, and property type, and attach the deeds and tax records that source them. Real estate is the most regulated class in the practice, so you also state the intended use, the intended users, the definition of value, and the scope of work.
- Parcel number and legal description
- Interest appraised, fee simple, leased fee, or leasehold
- Year built, beds, baths, square footage, lot size
- Highest and best use as vacant and as improved
- Intended use, intended users, and scope of work
Governing standard
USPAP Standards 1 and 2
The report names the interest appraised, develops highest and best use with its rationale, identifies the property legally and economically as well as physically, and carries front elevation, rear, and street photographs plus a photo page per comparable.
Credentials
- Required to practice
- State certification
- Optional designations
- SRA for residential work, MAI for commercial work
Source documents
Deeds, property tax records, prior appraisals, inspection reports, insurance documents.
Report types
- Mortgage
- Estate
- Tax appeal
- Fair market value
The finished report
A highest and best use section states its own rationale, and the photo pages show the subject front elevation, rear, and street scene plus one page per comparable.
Every report prints the cover, letter of transmittal, executive summary, subject identification, assignment and scope of work, condition analysis, methodology, comparable analysis, reconciliation, certification, signature, sources, supporting documents, the legal notice, the appraiser certification appendix, and a verification page whose QR code resolves to the record.