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

  • Additional submittals to the Data Book shall be accompanied by a letter of transmittal advising the Review Appraiser where updated information is to be inserted.

  • If this Contract is terminated pursuant to this section, the Contractor shall be due payment only for those appraisal reports which were received by the Sponsor before the Contractor receives said notice and were found to be acceptable by the XXX Review Appraiser.

  • This shall constitute full payment to the Contractor and shall include costs of all supplies, material, and equipment; all discussions, clarifications, and supplements required by the XXX Review Appraiser; and all other expenses incurred by the Contractor in performance of this Contract.

  • Payment shall be due upon the completion of review and acceptance by the XXX Review Appraiser and upon presentation of invoices to the Sponsor.

  • Xxxxxx All appraisals reviewed by Xxxx Xxxxxxxxxx, Chief Review Appraiser 14A.

  • Reviews will be completed in the form of a Review Appraiser Certificate (exhibit 7-EX-24D of the Caltrans Right-of-Way Manual) for each subject property appraisal in order to ensure appraisal quality and procedure.

  • In the case where no income and expense data were returned or made available the Company should estimate this information and an Excel spreadsheet should be made and submitted to the Tax Assessor and the Township’s Review Appraiser for approval prior to setting a final value for each such property.

  • Review Appraiser Responsibilities under the Uniform Act: • Confirmation of Analysis of Highest and Best Use, Damages, and Cost to Cure Damages.

  • XxXxxx (All appraisals reviewed by Xxxx Xxxxxxxxxx, Chief Review Appraiser) Incidentals to Trust for Public Land: $300,745 (total not to exceed) Administrative fee $ 41,700 Reimbursements: Environmental due diligence $ 17,300 (not to exceed) Title $ 22,000 (not to exceed) Survey $ 24,100 (not to exceed) Razing $155,395 (not to exceed) Carrying Costs $ 40,250 (not to exceed) Stabilization Funds: $139,000 Stabilization funds are authorized to provide public access.

  • In the case where no income and expense data was returned or made available and/or the Company must estimate same an Excel spreadsheet shall be made and submitted to the Tax Assessor and the Borough’s Review Appraiser for approval and also to familiarize and review the review of same prior to setting a final value for each property.


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 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. Question #3: 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 equ...
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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. DocuSign Envelope ID: 3A8E7853-4422-4965-9815-8E1C40B1F7AE ATTACHMENT C Work Schedule
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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.

  • Independent Appraiser means a nationally recognized or major regional investment banking firm or firm of independent certified public accountants of recognized standing (which may be the firm that regularly examines the financial statements of the Issuer) that is regularly engaged in the business of appraising the Capital Stock or assets of corporations or other entities as going concerns, and which is not affiliated with either the Issuer or the Holder of any Warrant.

  • 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.

  • Qualified Appraiser An appraiser, duly appointed by the Seller, who had no interest, direct or indirect, in the Mortgaged Property or in any loan made on the security thereof, and whose compensation was not affected by the approval or disapproval of the Mortgage Loan, and such appraiser and the appraisal made by such appraiser both satisfied the requirements of Title XI of FIRREA and the regulations promulgated thereunder, all as in effect on the date the Mortgage Loan was originated.

  • MAI Appraiser With respect to any real property, a member of the American Institute of Real Estate Appraisers with a minimum of 5 years of experience appraising real property of a type similar to the real property being appraised and located in the same geographical area as the real property being appraised.

  • Approved Third-Party Appraiser means each of (a) Xxxxxxxx Xxxxx Xxxxxx & Xxxxx Inc., (b) Lincoln International LLC (formerly known as Lincoln Partners LLC), (c) Duff & Xxxxxx Corporation, (d) Valuation Research Corporation, and (e) any other third party appraiser selected by the Borrower in its reasonable discretion.

  • Updated Appraisal means an Appraisal of the Mortgaged Property or related REO Property, as the case may be, conducted subsequent to any Appraisal performed on or prior to the date of this Agreement by an Appraiser, selected by the applicable Servicer, in accordance with MAI standards, the costs of which shall be paid as a Property Advance by the Lead Securitization Note Holder or applicable Servicer.

  • Acceptable Appraisal means, with respect to an appraisal of Inventory, the most recent appraisal of such property received by Agent (a) from an appraisal company satisfactory to Agent, (b) the scope and methodology (including, to the extent relevant, any sampling procedure employed by such appraisal company) of which are satisfactory to Agent, and (c) the results of which are satisfactory to Agent, in each case, in Agent’s Permitted Discretion.

  • Appraisers means Aircraft Information Services, Inc., BK Associates, Inc. and Xxxxxx Xxxxx and Xxxxx, Inc. or, so long as the Person entitled or required hereunder to select such Appraiser acts reasonably, any other nationally recognized appraiser reasonably satisfactory to the Subordination Agent and the Controlling Party.

  • 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.

  • Inventory Appraisal means (a) on the Closing Date, the appraisal prepared by Great American Group dated January 22, 2008 and (b) thereafter, the most recent inventory appraisal conducted by an independent appraiser firm pursuant to Section 9.2(b).

  • Independent Engineering Report means a report, in form and substance satisfactory to the Administrative Agent and each of the Lenders, prepared by an Independent Engineer, addressed to the Administrative Agent and the Lenders with respect to the Oil and Gas Properties owned by the Borrower or its Subsidiaries (or to be acquired by the Borrower or any of its Subsidiaries, as applicable) which are or are to be included in the Borrowing Base, which report shall (a) specify the location, quantity, and type of the estimated Proven Reserves attributable to such Oil and Gas Properties, (b) contain a projection of the rate of production of such Oil and Gas Properties, (c) contain an estimate of the net operating revenues to be derived from the production and sale of Hydrocarbons from such Proven Reserves based on product price and cost escalation assumptions specified by the Administrative Agent and the Lenders, and (d) contain such other information as is customarily obtained from and provided in such reports or is otherwise reasonably requested by the Administrative Agent or any Lender.

  • Required Appraisal shall have the meaning provided in Section 8.11(g).

  • Independent Expert means a Person or entity with no material current or prior business or personal relationship with the Advisor or the Directors and who is engaged to a substantial extent in the business of rendering opinions regarding the value of assets of the type held by the Company.

  • Independent Engineer means XxXxxxxx and XxxXxxxxxxx or any other third party engineering firm acceptable to the Administrative Agent in its sole discretion.

  • Approved Valuer means a firm of valuers recognized as such by the Income Tax Department and having experience of valuing at least 5 (five) properties exceeding Rs. 100 cr. (Rupees one hundred crore) each in value;

  • Appraisal review means the act or process of developing

  • Appraisal Well means a Well drilled pursuant to an Appraisal Programme.

  • 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.

  • Independent Evaluator A person empowered, pursuant to Section 23.5 (Failure to Reach Agreement) and Section 23.10 (Dispute) of this Agreement, to resolve disputes due to failure of the Parties to agree on a Performance Standards Revision Document.

  • 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;

  • Application Review Start Date means the later date of either the date on which the District issues its written notice that the Applicant has submitted a completed Application or the date on which the Comptroller issues its written notice that the Applicant has submitted a completed Application and as further identified in Section 2.3.A of this Agreement.

  • Expert Determination the process described in Paragraph 6 of Schedule 8.3 (Dispute Resolution Procedure);

  • Neutral Auditor means Ernst & Young or, if Ernst & Young is unable to serve, an impartial nationally recognized firm of independent certified public accountants other than Seller’s accountants or Purchaser’s accountants, mutually agreed to by Purchaser and Seller.

  • Review Panel means the panel, if any, appointed pursuant toRule 710 to review a completed Investigation Report and to determine whether a reasonable basis exists for finding a violation of the Rules and authorizing the issuance of a notice of charge pursuant to Rule 706.

  • Independent Auditors has the meaning set forth in Section 3.2.