Each Appraisal Report must reflect a credible estimate of Market Value and will include, at the minimum, the following:

• The client and other intended users
• The intended use of the report
• The purpose of the assignment
• The type of Value reported and the definition of the Value reported
• The effective date of the Appraiser’s opinions and conclusions
• Relevant property characteristics such as location attributes, physical attributes, legal attributes, economic attributes, the real property interest valued
• All known easements, restrictions, encumbrances, leases, reservations, covenants, contracts, declarations, special assessments, ordinances, and other items of a similar nature.
• Division of interest, such as fractional interest, physical segment and partial holding
• The scope of work used to complete the assignment
• Photos of the property, the comparable sales, location maps, sketch of the property