Posts Tagged: Commercial Appraisal

How Appraisal Fees Are Determined On Complex Properties

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Appraisers are licensed, trained professionals whose fees are determined by the scope of work and the complexity of the appraisal assignment. The more complex the property, the more time the appraiser must employ inspecting, researching, and developing their opinion of value which must  be presented in a well written appraisal report. Valuation Management Group requires… Read more »

The Necessity of a Commercial Engagement Letter

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A commercial engagement letter is a written agreement to perform services in exchange for compensation. Engagement letters are traditionally used by certain professional service firms, particularly in the fields of finance, accounting, law, real estate appraisal and consulting in order to define the specifics of the business relationship, or in the case of an appraisal… Read more »

SBA’s Revised Policies for Special Purpose Properties

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May 1, 2015 was the effective date of the U.S. Small Business Administration’s revised appraisal policies involving special-purpose properties that typically include a component of value attributable to going concern or intangible business value. The SBA removed requirements for appraisers to have business valuation credentials (prior version required the ASA designation). While we at Valuation… Read more »

Change is in the Air; USPAP 2014-2015 – Part II

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The most impactful changes for most appraisers and clients are the written report options. Formerly in USPAP, there were three written report options for real and personal property appraisers to use: Commercial Self-Contained Appraisal Report, Commercial Summary Appraisal Report and Commercial Restricted Use Appraisal Report. Now there are only two written report options: Commercial Appraisal… Read more »