Review appraiser definition

Review appraiser means a person who engages in the activity
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Review appraiser means a person who is responsible for the administrative approval of the appraised value of real property or assures that appraisal reports conform to therequirements of law and policy, or that the value of real property estimated by appraisers represents adequate security, fair market value, or other defined value.
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Review appraiser means a person who engages in the activity of reviewing and evaluating the appraisal work of others from the perspective of an appraiser, generally for compensation as a separate skill. This includes the function of reviewing an appraisal report or a file memorandum setting forth the results of the review process.
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Examples of Review appraiser in a sentence

  • In those instances when a Consultant Review appraiser is used, the appraiser must be a Certified General Appraiser or a Certified Residential Appraiser for residential assignments and must have previously pre-qualified for inclusion on the Department’s Roster of Qualified Appraisal Reviewers.

  • For example:• Appraiser cannot negotiate the parcel• Negotiator cannot appraise the parcel• Review appraiser cannot appraise the parcel• etc.

  • Review appraiser is required in assignment agreement is credited to thoroughly understand the page.

  • Expert Review appraiser for government agencies, attorneys, local and national lenders as well as for the Appraisal Institute.

  • Mr. John Hickey, ARA, Regional Review appraiser, reviewed this report and found, “In his opinion, this report cannot be used for Federal appraisal purposes due to 1) the assumption that the lots are undevelopable, 2) the date of the appraisal, November 30, 1999, should match the date of the first appraisal, December 18, 1997, and 3) the incorrect assumption that there is private ownership between cabins and the lake” (Appeal Record, Doc.


More Definitions of Review appraiser

Review appraiser. The County’s appraiser responsible for determining compliance with the Uniform Standards of Professional Appraisal Practice (USPAP), Florida Department of Transportation (FDOT), and any Orange County Supplemental Standards; and determining acceptance to the County.
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Review appraiser means a person who is responsible for conducting an appraisal review.
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Review appraiser means a person who is responsible
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Review appraiser means a person who is responsible for the administrative approval of the appraised value of real property or assures that appraisal reports conform to the
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Review appraiser has been replaced with “Reviewer”, and “Review Appraisal” with “Appraisal Review”. These new terms should help avoid confusing implications, such as that an appraisal is always part of a review assignment. ● An appraisal review assignment can now include all, or part of, the work of another appraiser. ● The definition of “Review” in USPAP has been replaced with “Appraisal Review:” “the act or process of developing and communi- cating an opinion about the quality of another appraiser’s work...” ● The activities of the appraisal review function have been more clearly delineated between the reviewer pro- viding an appraisal review opinion, alone, and providing that opinion plus his or her own opinion of value (i.e., an appraisal) when that is a sec- ond purpose within the same assign- ment. ● In order to satisfy the requirements of STANDARD 1 or 7 when a reviewer’s opinion of value is required, a reviewer may extend into his or her own development process those portions of the original appraisal concluded to be credible and in compliance with STANDARD 1, based on an extraordinary assump- tion. Those items not deemed to be credible or in compliance must be replaced with information or analysis by the reviewer, developed in confor- xxxxx with STANDARD 1 or 7, as applicable, to produce a credible value opinion. ● The reviewer’s scope of work can be different from the scope of the origi- nal work under review. ● The reviewer may include his or her own value opinion within the appraisal review report itself without preparing a separate appraisal report. However, changes to the report con- tent by the reviewer to support a sep- arate value conclusion must match, at a minimum, the reporting require- ments (Self-Contained, Summary or Restricted Use Appraisal Report) of the report under review. The above summary is meant to high- light the changes and should not substi- tute for a thorough reading of XXXX- DARD 3 itself. In addition, the ASB is currently preparing to expose for public comment a draft of a new Advisory Opinion to provide guidance on how a reviewer’s opinion of value within an appraisal review assignment affects the scope of work in such an assignment. I am appraising an apartment complex which includes some personal property such as refrigerators, a lawn mower and several other pieces of maintenance equipment. If the complex sold, these items would sell with it, and all my com- parable sales also include similar person- al property and equipment. What ...
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Review appraiser is used when referencing a Department-Certified Real Estate Appraiser that is performing Appraisal Review Services for the Department and is signing and certifying the review document. Sub-Provider – A sub-provider performs work through a contractual agreement with the Acquisition Provider. Uniform Act - Uniform Relocation Assistance and Real Property Acquisition Policies Act. Work Authorization – A written and executed authorization to begin work issued according to the entity and prime contract in place with the department. The work authorization includes a detailed scope of work as well as a contract period and maximum amount payable that does not exceed the time or money restrictions specified in the prime contract.
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Related to Review appraiser

  • Approved Appraiser means any of the following: Xxxxx Xxxxxxxx Xxxxxx, Xxxxx, H Xxxxxxxx & Co. Ltd., London, X.X. Xxxxxx Shipbrokers, Norway, or Fearnley AS, Norway.

  • Appraiser An Independent nationally recognized professional commercial real estate appraiser who (i) is a member in good standing of the Appraisal Institute, (ii) if the state in which the related Mortgaged Property is located certifies or licenses appraisers, is certified or licensed in such state, and (iii) has a minimum of five years’ experience in the related property type and market.

  • Appraiser panel means a network, list or roster of licensed or certified ap- praisers approved by an AMC to per- form appraisals as independent con- tractors for the AMC. Appraisers on an AMC’s ‘‘appraiser panel’’ under this part include both appraisers accepted by the AMC for consideration for fu- ture appraisal assignments in covered transactions or for secondary mortgage market participants in connection with covered transactions and appraisers en- gaged by the AMC to perform one or more appraisals in covered trans- actions or for secondary mortgage mar- ket participants in connection with covered transactions. An appraiser is an independent contractor for purposes of this subpart if the appraiser is treat- ed as an independent contractor by the AMC for purposes of Federal income taxation.

  • Appraisal review means the act or process of developing

  • Valuer means a licensed valuer agreed by the local government and the owner, or, where the local government and the owner are unable to reach agreement, by a valuer appointed by the President of the Western Australian Division of the Australian Property Institute.

  • Valuation Report means the valuation report or reports for mortgage purposes, in the form of the pro-forma contained in the Standard Documentation, obtained by the Seller from a Valuer in respect of each Mortgaged Property or a valuation report in respect of a valuation made using a methodology which would be acceptable to a reasonable prudent mortgage lender;