General

• How do I determine which evaluation form to use?
  Answer

  Land evaluation would be properties with land areas (5 acres) or greater with (1) or less vertical structures that do not contribute materially (7% or less) to value. Properties with 5 acres or less with a dwelling that contributes materially to value should use a residential appraisal or other evaluation product. Farming operations with (2) or more buildings and 5 acres or more of land would utilize a land and buildings evaluation. Either option will have an impact on the type of report used.

• What would be the best way to proceed with completing evaluation efficiently?
  Answer

  First, gather publicly available information (i.e., RE tax cards), and second gather other appropriate client data, ownership, sales history/listings, and operating history. Third, have property inspected, pictures and inspection report completed. Fourth, consider pertinent comparable sales data from appraisal files, assessors, brokers other market participants to complete sales comparison approach.

• Does every section need to be filled out?
  Answer

  No, however units of comparison and acreage does. If there are no vertical improvements, it would be appropriate to say none. If the subject property is an operating farm where soil suitable ratings are not a factor in pricing that could be excluded. On inspection form, there may be cases where either farm building or residential descriptions are not completed.

• How often should I save my work?
  Answer

  After each page is completed. There may be several steps in preparing evaluation so evaluation work can be saved in process. All input work can be reviewed by either using the preview function or the download function. In either case, there will be a watermark over the center of the report. Income information will update after cap rates are entered and saved.

• Can I make changes after I finalize a report?
  Answer

  No. Once finalized, the report cannot be amended, and it will count as a utilized report. Once the report is finalized the watermark will disappear.

• Is a report retrievable?
  Answer

  Yes, as long as log in information is provided.

• Is an inspection necessary?
  Answer

  If the property has improvements an accurate description of the improvements is a FIRREA requirement. Rather, as allowed by USPAP, an appraiser can determine the characteristics of a property through, among other things, any combination of property inspection, asset records, photographs, property sketches and other recorded media. The OCC published on April 14, 2020, an Interagency Statement on appraisals and Evaluations for Real Estate Related Transactions Affected by the Coronavirus. This document provides some flexibility on property inspections. If agricultural land has more than one tract, than continuity of tracts or physical access will impact merchantability and value of land. Any inspection waivers should be discussed with the financial institution leveraging the collateral.

• Are there any fields that are mandatory?
  Answer

  Yes, unit of comparison, Gross Acres and signature when finalized.

• What would cause the contents of a report not to be saved?
  Answer

  On occasion, entering wrong data type may cause information not to be saved. For example, if text is added in a numeric field results may not be saved. If the content extends beyond the field area for example in sales comparison approach in documentation section if input extends beyond area, this can create an input error and it will not save information.

• How is the checklist used?
  Answer

  It can be downloaded and completed separately and saved.

• How are attachments identified in the addendum saved?
  Answer

  They would be saved as separate PDF’s and then combined to represent a complete work-file.

• The identification page has a section for a cost approach, how would this be completed?
  Answer

  If you have access to an MVS guide that would be the best source for completion. Appraisers can be off assistance or Binner Valuations could assist in preparation for a fee.

• How do I determine which evaluation form to use?
  Answer

  Land evaluation would be properties with land areas (5 acres) or greater with (1) or less vertical structures that do not contribute materially (7% or less) to value. Properties with 5 acres or less with a dwelling that contributes materially to value should use a residential appraisal or other evaluation product. Farming operations with (2) or more buildings and 5 acres or more of land would utilize a land and buildings evaluation. Either option will have an impact on the type of report used.

• What would be the best way to proceed with completing evaluation efficiently?
  Answer

  First, gather publicly available information (i.e., RE tax cards), and second gather other appropriate client data, ownership, sales history/listings, and operating history. Third, have property inspected, pictures and inspection report completed. Fourth, consider pertinent comparable sales data from appraisal files, assessors, brokers other market participants to complete sales comparison approach.

• Does every section need to be filled out?
  Answer

  No, however units of comparison and acreage does. If there are no vertical improvements, it would be appropriate to say none. If the subject property is an operating farm where soil suitable ratings are not a factor in pricing that could be excluded. On inspection form, there may be cases where either farm building or residential descriptions are not completed.

• How often should I save my work?
  Answer

  After each page is completed. There may be several steps in preparing evaluation so evaluation work can be saved in process. All input work can be reviewed by either using the preview function or the download function. In either case, there will be a watermark over the center of the report. Income information will update after cap rates are entered and saved.

• Can I make changes after I finalize a report?
  Answer

  No. Once finalized, the report cannot be amended, and it will count as a utilized report. Once the report is finalized the watermark will disappear.

• Is a report retrievable?
  Answer

  Yes, as long as log in information is provided.

• Is an inspection necessary?
  Answer

  If the property has improvements an accurate description of the improvements is a FIRREA requirement. Rather, as allowed by USPAP, an appraiser can determine the characteristics of a property through, among other things, any combination of property inspection, asset records, photographs, property sketches and other recorded media. The OCC published on April 14, 2020, an Interagency Statement on appraisals and Evaluations for Real Estate Related Transactions Affected by the Coronavirus. This document provides some flexibility on property inspections. If agricultural land has more than one tract, than continuity of tracts or physical access will impact merchantability and value of land. Any inspection waivers should be discussed with the financial institution leveraging the collateral.

• Are there any fields that are mandatory?
  Answer

  Yes, unit of comparison, Gross Acres and signature when finalized.

• What would cause the contents of a report not to be saved?
  Answer

  On occasion, entering wrong data type may cause information not to be saved. For example, if text is added in a numeric field results may not be saved. If the content extends beyond the field area for example in sales comparison approach in documentation section if input extends beyond area, this can create an input error and it will not save information.

• How is the checklist used?
  Answer

  It can be downloaded and completed separately and saved.

• How are attachments identified in the addendum saved?
  Answer

  They would be saved as separate PDF’s and then combined to represent a complete work-file.

• The identification page has a section for a cost approach, how would this be completed?
  Answer

  If you have access to an MVS guide that would be the best source for completion. Appraisers can be off assistance or Binner Valuations could assist in preparation for a fee.

• How do I determine which evaluation form to use?
  Answer

  Land evaluation would be properties with land areas (5 acres) or greater with (1) or less vertical structures that do not contribute materially (7% or less) to value. Properties with 5 acres or less with a dwelling that contributes materially to value should use a residential appraisal or other evaluation product. Farming operations with (2) or more buildings and 5 acres or more of land would utilize a land and buildings evaluation. Either option will have an impact on the type of report used.

• What would be the best way to proceed with completing evaluation efficiently?
  Answer

  First, gather publicly available information (i.e., RE tax cards), and second gather other appropriate client data, ownership, sales history/listings, and operating history. Third, have property inspected, pictures and inspection report completed. Fourth, consider pertinent comparable sales data from appraisal files, assessors, brokers other market participants to complete sales comparison approach.

• Does every section need to be filled out?
  Answer

  No, however units of comparison and acreage does. If there are no vertical improvements, it would be appropriate to say none. If the subject property is an operating farm where soil suitable ratings are not a factor in pricing that could be excluded. On inspection form, there may be cases where either farm building or residential descriptions are not completed.

• How often should I save my work?
  Answer

  After each page is completed. There may be several steps in preparing evaluation so evaluation work can be saved in process. All input work can be reviewed by either using the preview function or the download function. In either case, there will be a watermark over the center of the report. Income information will update after cap rates are entered and saved.

• Can I make changes after I finalize a report?
  Answer

  No. Once finalized, the report cannot be amended, and it will count as a utilized report. Once the report is finalized the watermark will disappear.

• Is a report retrievable?
  Answer

  Yes, as long as log in information is provided.

• Is an inspection necessary?
  Answer

  If the property has improvements an accurate description of the improvements is a FIRREA requirement. Rather, as allowed by USPAP, an appraiser can determine the characteristics of a property through, among other things, any combination of property inspection, asset records, photographs, property sketches and other recorded media. The OCC published on April 14, 2020, an Interagency Statement on appraisals and Evaluations for Real Estate Related Transactions Affected by the Coronavirus. This document provides some flexibility on property inspections. If agricultural land has more than one tract, than continuity of tracts or physical access will impact merchantability and value of land. Any inspection waivers should be discussed with the financial institution leveraging the collateral.

• Are there any fields that are mandatory?
  Answer

  Yes, unit of comparison, Gross Acres and signature when finalized.

• What would cause the contents of a report not to be saved?
  Answer

  On occasion, entering wrong data type may cause information not to be saved. For example, if text is added in a numeric field results may not be saved. If the content extends beyond the field area for example in sales comparison approach in documentation section if input extends beyond area, this can create an input error and it will not save information.

• How is the checklist used?
  Answer

  It can be downloaded and completed separately and saved.

• How are attachments identified in the addendum saved?
  Answer

  They would be saved as separate PDF’s and then combined to represent a complete work-file.

• The identification page has a section for a cost approach, how would this be completed?
  Answer

  If you have access to an MVS guide that would be the best source for completion. Appraisers can be off assistance or Binner Valuations could assist in preparation for a fee.

• How do I determine which evaluation form to use?
  Answer

  Land evaluation would be properties with land areas (5 acres) or greater with (1) or less vertical structures that do not contribute materially (7% or less) to value. Properties with 5 acres or less with a dwelling that contributes materially to value should use a residential appraisal or other evaluation product. Farming operations with (2) or more buildings and 5 acres or more of land would utilize a land and buildings evaluation. Either option will have an impact on the type of report used.

• What would be the best way to proceed with completing evaluation efficiently?
  Answer

  First, gather publicly available information (i.e., RE tax cards), and second gather other appropriate client data, ownership, sales history/listings, and operating history. Third, have property inspected, pictures and inspection report completed. Fourth, consider pertinent comparable sales data from appraisal files, assessors, brokers other market participants to complete sales comparison approach.

• Does every section need to be filled out?
  Answer

  No, however units of comparison and acreage does. If there are no vertical improvements, it would be appropriate to say none. If the subject property is an operating farm where soil suitable ratings are not a factor in pricing that could be excluded. On inspection form, there may be cases where either farm building or residential descriptions are not completed.

• How often should I save my work?
  Answer

  After each page is completed. There may be several steps in preparing evaluation so evaluation work can be saved in process. All input work can be reviewed by either using the preview function or the download function. In either case, there will be a watermark over the center of the report. Income information will update after cap rates are entered and saved.

• Can I make changes after I finalize a report?
  Answer

  No. Once finalized, the report cannot be amended, and it will count as a utilized report. Once the report is finalized the watermark will disappear.

• Is a report retrievable?
  Answer

  Yes, as long as log in information is provided.

• Is an inspection necessary?
  Answer

  If the property has improvements an accurate description of the improvements is a FIRREA requirement. Rather, as allowed by USPAP, an appraiser can determine the characteristics of a property through, among other things, any combination of property inspection, asset records, photographs, property sketches and other recorded media. The OCC published on April 14, 2020, an Interagency Statement on appraisals and Evaluations for Real Estate Related Transactions Affected by the Coronavirus. This document provides some flexibility on property inspections. If agricultural land has more than one tract, than continuity of tracts or physical access will impact merchantability and value of land. Any inspection waivers should be discussed with the financial institution leveraging the collateral.

• Are there any fields that are mandatory?
  Answer

  Yes, unit of comparison, Gross Acres and signature when finalized.

• What would cause the contents of a report not to be saved?
  Answer

  On occasion, entering wrong data type may cause information not to be saved. For example, if text is added in a numeric field results may not be saved. If the content extends beyond the field area for example in sales comparison approach in documentation section if input extends beyond area, this can create an input error and it will not save information.

• How is the checklist used?
  Answer

  It can be downloaded and completed separately and saved.

• How are attachments identified in the addendum saved?
  Answer

  They would be saved as separate PDF’s and then combined to represent a complete work-file.

• The identification page has a section for a cost approach, how would this be completed?
  Answer

  If you have access to an MVS guide that would be the best source for completion. Appraisers can be off assistance or Binner Valuations could assist in preparation for a fee.

• How do I determine which evaluation form to use?
  Answer

  Land evaluation would be properties with land areas (5 acres) or greater with (1) or less vertical structures that do not contribute materially (7% or less) to value. Properties with 5 acres or less with a dwelling that contributes materially to value should use a residential appraisal or other evaluation product. Farming operations with (2) or more buildings and 5 acres or more of land would utilize a land and buildings evaluation. Either option will have an impact on the type of report used.

• What would be the best way to proceed with completing evaluation efficiently?
  Answer

  First, gather publicly available information (i.e., RE tax cards), and second gather other appropriate client data, ownership, sales history/listings, and operating history. Third, have property inspected, pictures and inspection report completed. Fourth, consider pertinent comparable sales data from appraisal files, assessors, brokers other market participants to complete sales comparison approach.

• Does every section need to be filled out?
  Answer

  No, however units of comparison and acreage does. If there are no vertical improvements, it would be appropriate to say none. If the subject property is an operating farm where soil suitable ratings are not a factor in pricing that could be excluded. On inspection form, there may be cases where either farm building or residential descriptions are not completed.

• How often should I save my work?
  Answer

  After each page is completed. There may be several steps in preparing evaluation so evaluation work can be saved in process. All input work can be reviewed by either using the preview function or the download function. In either case, there will be a watermark over the center of the report. Income information will update after cap rates are entered and saved.

• Can I make changes after I finalize a report?
  Answer

  No. Once finalized, the report cannot be amended, and it will count as a utilized report. Once the report is finalized the watermark will disappear.

• Is a report retrievable?
  Answer

  Yes, as long as log in information is provided.

• Is an inspection necessary?
  Answer

  If the property has improvements an accurate description of the improvements is a FIRREA requirement. Rather, as allowed by USPAP, an appraiser can determine the characteristics of a property through, among other things, any combination of property inspection, asset records, photographs, property sketches and other recorded media. The OCC published on April 14, 2020, an Interagency Statement on appraisals and Evaluations for Real Estate Related Transactions Affected by the Coronavirus. This document provides some flexibility on property inspections. If agricultural land has more than one tract, than continuity of tracts or physical access will impact merchantability and value of land. Any inspection waivers should be discussed with the financial institution leveraging the collateral.

• Are there any fields that are mandatory?
  Answer

  Yes, unit of comparison, Gross Acres and signature when finalized.

• What would cause the contents of a report not to be saved?
  Answer

  On occasion, entering wrong data type may cause information not to be saved. For example, if text is added in a numeric field results may not be saved. If the content extends beyond the field area for example in sales comparison approach in documentation section if input extends beyond area, this can create an input error and it will not save information.

• How is the checklist used?
  Answer

  It can be downloaded and completed separately and saved.

• How are attachments identified in the addendum saved?
  Answer

  They would be saved as separate PDF’s and then combined to represent a complete work-file.

• The identification page has a section for a cost approach, how would this be completed?
  Answer

  If you have access to an MVS guide that would be the best source for completion. Appraisers can be off assistance or Binner Valuations could assist in preparation for a fee.

• How do I determine which evaluation form to use?
  Answer

  Land evaluation would be properties with land areas (5 acres) or greater with (1) or less vertical structures that do not contribute materially (7% or less) to value. Properties with 5 acres or less with a dwelling that contributes materially to value should use a residential appraisal or other evaluation product. Farming operations with (2) or more buildings and 5 acres or more of land would utilize a land and buildings evaluation. Either option will have an impact on the type of report used.

• What would be the best way to proceed with completing evaluation efficiently?
  Answer

  First, gather publicly available information (i.e., RE tax cards), and second gather other appropriate client data, ownership, sales history/listings, and operating history. Third, have property inspected, pictures and inspection report completed. Fourth, consider pertinent comparable sales data from appraisal files, assessors, brokers other market participants to complete sales comparison approach.

• Does every section need to be filled out?
  Answer

  No, however units of comparison and acreage does. If there are no vertical improvements, it would be appropriate to say none. If the subject property is an operating farm where soil suitable ratings are not a factor in pricing that could be excluded. On inspection form, there may be cases where either farm building or residential descriptions are not completed.

• How often should I save my work?
  Answer

  After each page is completed. There may be several steps in preparing evaluation so evaluation work can be saved in process. All input work can be reviewed by either using the preview function or the download function. In either case, there will be a watermark over the center of the report. Income information will update after cap rates are entered and saved.

• Can I make changes after I finalize a report?
  Answer

  No. Once finalized, the report cannot be amended, and it will count as a utilized report. Once the report is finalized the watermark will disappear.

• Is a report retrievable?
  Answer

  Yes, as long as log in information is provided.

• Is an inspection necessary?
  Answer

  If the property has improvements an accurate description of the improvements is a FIRREA requirement. Rather, as allowed by USPAP, an appraiser can determine the characteristics of a property through, among other things, any combination of property inspection, asset records, photographs, property sketches and other recorded media. The OCC published on April 14, 2020, an Interagency Statement on appraisals and Evaluations for Real Estate Related Transactions Affected by the Coronavirus. This document provides some flexibility on property inspections. If agricultural land has more than one tract, than continuity of tracts or physical access will impact merchantability and value of land. Any inspection waivers should be discussed with the financial institution leveraging the collateral.

• Are there any fields that are mandatory?
  Answer

  Yes, unit of comparison, Gross Acres and signature when finalized.

• What would cause the contents of a report not to be saved?
  Answer

  On occasion, entering wrong data type may cause information not to be saved. For example, if text is added in a numeric field results may not be saved. If the content extends beyond the field area for example in sales comparison approach in documentation section if input extends beyond area, this can create an input error and it will not save information.

• How is the checklist used?
  Answer

  It can be downloaded and completed separately and saved.

• How are attachments identified in the addendum saved?
  Answer

  They would be saved as separate PDF’s and then combined to represent a complete work-file.

• The identification page has a section for a cost approach, how would this be completed?
  Answer

  If you have access to an MVS guide that would be the best source for completion. Appraisers can be off assistance or Binner Valuations could assist in preparation for a fee.

• How do I determine which evaluation form to use?
  Answer

  Land evaluation would be properties with land areas (5 acres) or greater with (1) or less vertical structures that do not contribute materially (7% or less) to value. Properties with 5 acres or less with a dwelling that contributes materially to value should use a residential appraisal or other evaluation product. Farming operations with (2) or more buildings and 5 acres or more of land would utilize a land and buildings evaluation. Either option will have an impact on the type of report used.

• What would be the best way to proceed with completing evaluation efficiently?
  Answer

  First, gather publicly available information (i.e., RE tax cards), and second gather other appropriate client data, ownership, sales history/listings, and operating history. Third, have property inspected, pictures and inspection report completed. Fourth, consider pertinent comparable sales data from appraisal files, assessors, brokers other market participants to complete sales comparison approach.

• Does every section need to be filled out?
  Answer

  No, however units of comparison and acreage does. If there are no vertical improvements, it would be appropriate to say none. If the subject property is an operating farm where soil suitable ratings are not a factor in pricing that could be excluded. On inspection form, there may be cases where either farm building or residential descriptions are not completed.

• How often should I save my work?
  Answer

  After each page is completed. There may be several steps in preparing evaluation so evaluation work can be saved in process. All input work can be reviewed by either using the preview function or the download function. In either case, there will be a watermark over the center of the report. Income information will update after cap rates are entered and saved.

• Can I make changes after I finalize a report?
  Answer

  No. Once finalized, the report cannot be amended, and it will count as a utilized report. Once the report is finalized the watermark will disappear.

• Is a report retrievable?
  Answer

  Yes, as long as log in information is provided.

• Is an inspection necessary?
  Answer

  If the property has improvements an accurate description of the improvements is a FIRREA requirement. Rather, as allowed by USPAP, an appraiser can determine the characteristics of a property through, among other things, any combination of property inspection, asset records, photographs, property sketches and other recorded media. The OCC published on April 14, 2020, an Interagency Statement on appraisals and Evaluations for Real Estate Related Transactions Affected by the Coronavirus. This document provides some flexibility on property inspections. If agricultural land has more than one tract, than continuity of tracts or physical access will impact merchantability and value of land. Any inspection waivers should be discussed with the financial institution leveraging the collateral.

• Are there any fields that are mandatory?
  Answer

  Yes, unit of comparison, Gross Acres and signature when finalized.

• What would cause the contents of a report not to be saved?
  Answer

  On occasion, entering wrong data type may cause information not to be saved. For example, if text is added in a numeric field results may not be saved. If the content extends beyond the field area for example in sales comparison approach in documentation section if input extends beyond area, this can create an input error and it will not save information.

• How is the checklist used?
  Answer

  It can be downloaded and completed separately and saved.

• How are attachments identified in the addendum saved?
  Answer

  They would be saved as separate PDF’s and then combined to represent a complete work-file.

• The identification page has a section for a cost approach, how would this be completed?
  Answer

  If you have access to an MVS guide that would be the best source for completion. Appraisers can be off assistance or Binner Valuations could assist in preparation for a fee.

• How do I determine which evaluation form to use?
  Answer

  Land evaluation would be properties with land areas (5 acres) or greater with (1) or less vertical structures that do not contribute materially (7% or less) to value. Properties with 5 acres or less with a dwelling that contributes materially to value should use a residential appraisal or other evaluation product. Farming operations with (2) or more buildings and 5 acres or more of land would utilize a land and buildings evaluation. Either option will have an impact on the type of report used.

• What would be the best way to proceed with completing evaluation efficiently?
  Answer

  First, gather publicly available information (i.e., RE tax cards), and second gather other appropriate client data, ownership, sales history/listings, and operating history. Third, have property inspected, pictures and inspection report completed. Fourth, consider pertinent comparable sales data from appraisal files, assessors, brokers other market participants to complete sales comparison approach.

• Does every section need to be filled out?
  Answer

  No, however units of comparison and acreage does. If there are no vertical improvements, it would be appropriate to say none. If the subject property is an operating farm where soil suitable ratings are not a factor in pricing that could be excluded. On inspection form, there may be cases where either farm building or residential descriptions are not completed.

• How often should I save my work?
  Answer

  After each page is completed. There may be several steps in preparing evaluation so evaluation work can be saved in process. All input work can be reviewed by either using the preview function or the download function. In either case, there will be a watermark over the center of the report. Income information will update after cap rates are entered and saved.

• Can I make changes after I finalize a report?
  Answer

  No. Once finalized, the report cannot be amended, and it will count as a utilized report. Once the report is finalized the watermark will disappear.

• Is a report retrievable?
  Answer

  Yes, as long as log in information is provided.

• Is an inspection necessary?
  Answer

  If the property has improvements an accurate description of the improvements is a FIRREA requirement. Rather, as allowed by USPAP, an appraiser can determine the characteristics of a property through, among other things, any combination of property inspection, asset records, photographs, property sketches and other recorded media. The OCC published on April 14, 2020, an Interagency Statement on appraisals and Evaluations for Real Estate Related Transactions Affected by the Coronavirus. This document provides some flexibility on property inspections. If agricultural land has more than one tract, than continuity of tracts or physical access will impact merchantability and value of land. Any inspection waivers should be discussed with the financial institution leveraging the collateral.

• Are there any fields that are mandatory?
  Answer

  Yes, unit of comparison, Gross Acres and signature when finalized.

• What would cause the contents of a report not to be saved?
  Answer

  On occasion, entering wrong data type may cause information not to be saved. For example, if text is added in a numeric field results may not be saved. If the content extends beyond the field area for example in sales comparison approach in documentation section if input extends beyond area, this can create an input error and it will not save information.

• How is the checklist used?
  Answer

  It can be downloaded and completed separately and saved.

• How are attachments identified in the addendum saved?
  Answer

  They would be saved as separate PDF’s and then combined to represent a complete work-file.

• The identification page has a section for a cost approach, how would this be completed?
  Answer

  If you have access to an MVS guide that would be the best source for completion. Appraisers can be off assistance or Binner Valuations could assist in preparation for a fee.

• How do I determine which evaluation form to use?
  Answer

  Land evaluation would be properties with land areas (5 acres) or greater with (1) or less vertical structures that do not contribute materially (7% or less) to value. Properties with 5 acres or less with a dwelling that contributes materially to value should use a residential appraisal or other evaluation product. Farming operations with (2) or more buildings and 5 acres or more of land would utilize a land and buildings evaluation. Either option will have an impact on the type of report used.

• What would be the best way to proceed with completing evaluation efficiently?
  Answer

  First, gather publicly available information (i.e., RE tax cards), and second gather other appropriate client data, ownership, sales history/listings, and operating history. Third, have property inspected, pictures and inspection report completed. Fourth, consider pertinent comparable sales data from appraisal files, assessors, brokers other market participants to complete sales comparison approach.

• Does every section need to be filled out?
  Answer

  No, however units of comparison and acreage does. If there are no vertical improvements, it would be appropriate to say none. If the subject property is an operating farm where soil suitable ratings are not a factor in pricing that could be excluded. On inspection form, there may be cases where either farm building or residential descriptions are not completed.

• How often should I save my work?
  Answer

  After each page is completed. There may be several steps in preparing evaluation so evaluation work can be saved in process. All input work can be reviewed by either using the preview function or the download function. In either case, there will be a watermark over the center of the report. Income information will update after cap rates are entered and saved.

• Can I make changes after I finalize a report?
  Answer

  No. Once finalized, the report cannot be amended, and it will count as a utilized report. Once the report is finalized the watermark will disappear.

• Is a report retrievable?
  Answer

  Yes, as long as log in information is provided.

• Is an inspection necessary?
  Answer

  If the property has improvements an accurate description of the improvements is a FIRREA requirement. Rather, as allowed by USPAP, an appraiser can determine the characteristics of a property through, among other things, any combination of property inspection, asset records, photographs, property sketches and other recorded media. The OCC published on April 14, 2020, an Interagency Statement on appraisals and Evaluations for Real Estate Related Transactions Affected by the Coronavirus. This document provides some flexibility on property inspections. If agricultural land has more than one tract, than continuity of tracts or physical access will impact merchantability and value of land. Any inspection waivers should be discussed with the financial institution leveraging the collateral.

• Are there any fields that are mandatory?
  Answer

  Yes, unit of comparison, Gross Acres and signature when finalized.

• What would cause the contents of a report not to be saved?
  Answer

  On occasion, entering wrong data type may cause information not to be saved. For example, if text is added in a numeric field results may not be saved. If the content extends beyond the field area for example in sales comparison approach in documentation section if input extends beyond area, this can create an input error and it will not save information.

• How is the checklist used?
  Answer

  It can be downloaded and completed separately and saved.

• How are attachments identified in the addendum saved?
  Answer

  They would be saved as separate PDF’s and then combined to represent a complete work-file.

• The identification page has a section for a cost approach, how would this be completed?
  Answer

  If you have access to an MVS guide that would be the best source for completion. Appraisers can be off assistance or Binner Valuations could assist in preparation for a fee.

• How do I determine which evaluation form to use?
  Answer

  Land evaluation would be properties with land areas (5 acres) or greater with (1) or less vertical structures that do not contribute materially (7% or less) to value. Properties with 5 acres or less with a dwelling that contributes materially to value should use a residential appraisal or other evaluation product. Farming operations with (2) or more buildings and 5 acres or more of land would utilize a land and buildings evaluation. Either option will have an impact on the type of report used.

• What would be the best way to proceed with completing evaluation efficiently?
  Answer

  First, gather publicly available information (i.e., RE tax cards), and second gather other appropriate client data, ownership, sales history/listings, and operating history. Third, have property inspected, pictures and inspection report completed. Fourth, consider pertinent comparable sales data from appraisal files, assessors, brokers other market participants to complete sales comparison approach.

• Does every section need to be filled out?
  Answer

  No, however units of comparison and acreage does. If there are no vertical improvements, it would be appropriate to say none. If the subject property is an operating farm where soil suitable ratings are not a factor in pricing that could be excluded. On inspection form, there may be cases where either farm building or residential descriptions are not completed.

• How often should I save my work?
  Answer

  After each page is completed. There may be several steps in preparing evaluation so evaluation work can be saved in process. All input work can be reviewed by either using the preview function or the download function. In either case, there will be a watermark over the center of the report. Income information will update after cap rates are entered and saved.

• Can I make changes after I finalize a report?
  Answer

  No. Once finalized, the report cannot be amended, and it will count as a utilized report. Once the report is finalized the watermark will disappear.

• Is a report retrievable?
  Answer

  Yes, as long as log in information is provided.

• Is an inspection necessary?
  Answer

  If the property has improvements an accurate description of the improvements is a FIRREA requirement. Rather, as allowed by USPAP, an appraiser can determine the characteristics of a property through, among other things, any combination of property inspection, asset records, photographs, property sketches and other recorded media. The OCC published on April 14, 2020, an Interagency Statement on appraisals and Evaluations for Real Estate Related Transactions Affected by the Coronavirus. This document provides some flexibility on property inspections. If agricultural land has more than one tract, than continuity of tracts or physical access will impact merchantability and value of land. Any inspection waivers should be discussed with the financial institution leveraging the collateral.

• Are there any fields that are mandatory?
  Answer

  Yes, unit of comparison, Gross Acres and signature when finalized.

• What would cause the contents of a report not to be saved?
  Answer

  On occasion, entering wrong data type may cause information not to be saved. For example, if text is added in a numeric field results may not be saved. If the content extends beyond the field area for example in sales comparison approach in documentation section if input extends beyond area, this can create an input error and it will not save information.

• How is the checklist used?
  Answer

  It can be downloaded and completed separately and saved.

• How are attachments identified in the addendum saved?
  Answer

  They would be saved as separate PDF’s and then combined to represent a complete work-file.

• The identification page has a section for a cost approach, how would this be completed?
  Answer

  If you have access to an MVS guide that would be the best source for completion. Appraisers can be off assistance or Binner Valuations could assist in preparation for a fee.

• How do I determine which evaluation form to use?
  Answer

  Land evaluation would be properties with land areas (5 acres) or greater with (1) or less vertical structures that do not contribute materially (7% or less) to value. Properties with 5 acres or less with a dwelling that contributes materially to value should use a residential appraisal or other evaluation product. Farming operations with (2) or more buildings and 5 acres or more of land would utilize a land and buildings evaluation. Either option will have an impact on the type of report used.

• What would be the best way to proceed with completing evaluation efficiently?
  Answer

  First, gather publicly available information (i.e., RE tax cards), and second gather other appropriate client data, ownership, sales history/listings, and operating history. Third, have property inspected, pictures and inspection report completed. Fourth, consider pertinent comparable sales data from appraisal files, assessors, brokers other market participants to complete sales comparison approach.

• Does every section need to be filled out?
  Answer

  No, however units of comparison and acreage does. If there are no vertical improvements, it would be appropriate to say none. If the subject property is an operating farm where soil suitable ratings are not a factor in pricing that could be excluded. On inspection form, there may be cases where either farm building or residential descriptions are not completed.

• How often should I save my work?
  Answer

  After each page is completed. There may be several steps in preparing evaluation so evaluation work can be saved in process. All input work can be reviewed by either using the preview function or the download function. In either case, there will be a watermark over the center of the report. Income information will update after cap rates are entered and saved.

• Can I make changes after I finalize a report?
  Answer

  No. Once finalized, the report cannot be amended, and it will count as a utilized report. Once the report is finalized the watermark will disappear.

• Is a report retrievable?
  Answer

  Yes, as long as log in information is provided.

• Is an inspection necessary?
  Answer

  If the property has improvements an accurate description of the improvements is a FIRREA requirement. Rather, as allowed by USPAP, an appraiser can determine the characteristics of a property through, among other things, any combination of property inspection, asset records, photographs, property sketches and other recorded media. The OCC published on April 14, 2020, an Interagency Statement on appraisals and Evaluations for Real Estate Related Transactions Affected by the Coronavirus. This document provides some flexibility on property inspections. If agricultural land has more than one tract, than continuity of tracts or physical access will impact merchantability and value of land. Any inspection waivers should be discussed with the financial institution leveraging the collateral.

• Are there any fields that are mandatory?
  Answer

  Yes, unit of comparison, Gross Acres and signature when finalized.

• What would cause the contents of a report not to be saved?
  Answer

  On occasion, entering wrong data type may cause information not to be saved. For example, if text is added in a numeric field results may not be saved. If the content extends beyond the field area for example in sales comparison approach in documentation section if input extends beyond area, this can create an input error and it will not save information.

• How is the checklist used?
  Answer

  It can be downloaded and completed separately and saved.

• How are attachments identified in the addendum saved?
  Answer

  They would be saved as separate PDF’s and then combined to represent a complete work-file.

• The identification page has a section for a cost approach, how would this be completed?
  Answer

  If you have access to an MVS guide that would be the best source for completion. Appraisers can be off assistance or Binner Valuations could assist in preparation for a fee.

• How do I determine which evaluation form to use?
  Answer

  Land evaluation would be properties with land areas (5 acres) or greater with (1) or less vertical structures that do not contribute materially (7% or less) to value. Properties with 5 acres or less with a dwelling that contributes materially to value should use a residential appraisal or other evaluation product. Farming operations with (2) or more buildings and 5 acres or more of land would utilize a land and buildings evaluation. Either option will have an impact on the type of report used.

• What would be the best way to proceed with completing evaluation efficiently?
  Answer

  First, gather publicly available information (i.e., RE tax cards), and second gather other appropriate client data, ownership, sales history/listings, and operating history. Third, have property inspected, pictures and inspection report completed. Fourth, consider pertinent comparable sales data from appraisal files, assessors, brokers other market participants to complete sales comparison approach.

• Does every section need to be filled out?
  Answer

  No, however units of comparison and acreage does. If there are no vertical improvements, it would be appropriate to say none. If the subject property is an operating farm where soil suitable ratings are not a factor in pricing that could be excluded. On inspection form, there may be cases where either farm building or residential descriptions are not completed.

• How often should I save my work?
  Answer

  After each page is completed. There may be several steps in preparing evaluation so evaluation work can be saved in process. All input work can be reviewed by either using the preview function or the download function. In either case, there will be a watermark over the center of the report. Income information will update after cap rates are entered and saved.

• Can I make changes after I finalize a report?
  Answer

  No. Once finalized, the report cannot be amended, and it will count as a utilized report. Once the report is finalized the watermark will disappear.

• Is a report retrievable?
  Answer

  Yes, as long as log in information is provided.

• Is an inspection necessary?
  Answer

  If the property has improvements an accurate description of the improvements is a FIRREA requirement. Rather, as allowed by USPAP, an appraiser can determine the characteristics of a property through, among other things, any combination of property inspection, asset records, photographs, property sketches and other recorded media. The OCC published on April 14, 2020, an Interagency Statement on appraisals and Evaluations for Real Estate Related Transactions Affected by the Coronavirus. This document provides some flexibility on property inspections. If agricultural land has more than one tract, than continuity of tracts or physical access will impact merchantability and value of land. Any inspection waivers should be discussed with the financial institution leveraging the collateral.

• Are there any fields that are mandatory?
  Answer

  Yes, unit of comparison, Gross Acres and signature when finalized.

• What would cause the contents of a report not to be saved?
  Answer

  On occasion, entering wrong data type may cause information not to be saved. For example, if text is added in a numeric field results may not be saved. If the content extends beyond the field area for example in sales comparison approach in documentation section if input extends beyond area, this can create an input error and it will not save information.

• How is the checklist used?
  Answer

  It can be downloaded and completed separately and saved.

• How are attachments identified in the addendum saved?
  Answer

  They would be saved as separate PDF’s and then combined to represent a complete work-file.

• The identification page has a section for a cost approach, how would this be completed?
  Answer

  If you have access to an MVS guide that would be the best source for completion. Appraisers can be off assistance or Binner Valuations could assist in preparation for a fee.

• How do I determine which evaluation form to use?
  Answer

  Land evaluation would be properties with land areas (5 acres) or greater with (1) or less vertical structures that do not contribute materially (7% or less) to value. Properties with 5 acres or less with a dwelling that contributes materially to value should use a residential appraisal or other evaluation product. Farming operations with (2) or more buildings and 5 acres or more of land would utilize a land and buildings evaluation. Either option will have an impact on the type of report used.

• What would be the best way to proceed with completing evaluation efficiently?
  Answer

  First, gather publicly available information (i.e., RE tax cards), and second gather other appropriate client data, ownership, sales history/listings, and operating history. Third, have property inspected, pictures and inspection report completed. Fourth, consider pertinent comparable sales data from appraisal files, assessors, brokers other market participants to complete sales comparison approach.

• Does every section need to be filled out?
  Answer

  No, however units of comparison and acreage does. If there are no vertical improvements, it would be appropriate to say none. If the subject property is an operating farm where soil suitable ratings are not a factor in pricing that could be excluded. On inspection form, there may be cases where either farm building or residential descriptions are not completed.

• How often should I save my work?
  Answer

  After each page is completed. There may be several steps in preparing evaluation so evaluation work can be saved in process. All input work can be reviewed by either using the preview function or the download function. In either case, there will be a watermark over the center of the report. Income information will update after cap rates are entered and saved.

• Can I make changes after I finalize a report?
  Answer

  No. Once finalized, the report cannot be amended, and it will count as a utilized report. Once the report is finalized the watermark will disappear.

• Is a report retrievable?
  Answer

  Yes, as long as log in information is provided.

• Is an inspection necessary?
  Answer

  If the property has improvements an accurate description of the improvements is a FIRREA requirement. Rather, as allowed by USPAP, an appraiser can determine the characteristics of a property through, among other things, any combination of property inspection, asset records, photographs, property sketches and other recorded media. The OCC published on April 14, 2020, an Interagency Statement on appraisals and Evaluations for Real Estate Related Transactions Affected by the Coronavirus. This document provides some flexibility on property inspections. If agricultural land has more than one tract, than continuity of tracts or physical access will impact merchantability and value of land. Any inspection waivers should be discussed with the financial institution leveraging the collateral.

• Are there any fields that are mandatory?
  Answer

  Yes, unit of comparison, Gross Acres and signature when finalized.

• What would cause the contents of a report not to be saved?
  Answer

  On occasion, entering wrong data type may cause information not to be saved. For example, if text is added in a numeric field results may not be saved. If the content extends beyond the field area for example in sales comparison approach in documentation section if input extends beyond area, this can create an input error and it will not save information.

• How is the checklist used?
  Answer

  It can be downloaded and completed separately and saved.

• How are attachments identified in the addendum saved?
  Answer

  They would be saved as separate PDF’s and then combined to represent a complete work-file.

• The identification page has a section for a cost approach, how would this be completed?
  Answer

  If you have access to an MVS guide that would be the best source for completion. Appraisers can be off assistance or Binner Valuations could assist in preparation for a fee.

• How do I determine which evaluation form to use?
  Answer

  Land evaluation would be properties with land areas (5 acres) or greater with (1) or less vertical structures that do not contribute materially (7% or less) to value. Properties with 5 acres or less with a dwelling that contributes materially to value should use a residential appraisal or other evaluation product. Farming operations with (2) or more buildings and 5 acres or more of land would utilize a land and buildings evaluation. Either option will have an impact on the type of report used.

• What would be the best way to proceed with completing evaluation efficiently?
  Answer

  First, gather publicly available information (i.e., RE tax cards), and second gather other appropriate client data, ownership, sales history/listings, and operating history. Third, have property inspected, pictures and inspection report completed. Fourth, consider pertinent comparable sales data from appraisal files, assessors, brokers other market participants to complete sales comparison approach.

• Does every section need to be filled out?
  Answer

  No, however units of comparison and acreage does. If there are no vertical improvements, it would be appropriate to say none. If the subject property is an operating farm where soil suitable ratings are not a factor in pricing that could be excluded. On inspection form, there may be cases where either farm building or residential descriptions are not completed.

• How often should I save my work?
  Answer

  After each page is completed. There may be several steps in preparing evaluation so evaluation work can be saved in process. All input work can be reviewed by either using the preview function or the download function. In either case, there will be a watermark over the center of the report. Income information will update after cap rates are entered and saved.

• Can I make changes after I finalize a report?
  Answer

  No. Once finalized, the report cannot be amended, and it will count as a utilized report. Once the report is finalized the watermark will disappear.

• Is a report retrievable?
  Answer

  Yes, as long as log in information is provided.

• Is an inspection necessary?
  Answer

  If the property has improvements an accurate description of the improvements is a FIRREA requirement. Rather, as allowed by USPAP, an appraiser can determine the characteristics of a property through, among other things, any combination of property inspection, asset records, photographs, property sketches and other recorded media. The OCC published on April 14, 2020, an Interagency Statement on appraisals and Evaluations for Real Estate Related Transactions Affected by the Coronavirus. This document provides some flexibility on property inspections. If agricultural land has more than one tract, than continuity of tracts or physical access will impact merchantability and value of land. Any inspection waivers should be discussed with the financial institution leveraging the collateral.

• Are there any fields that are mandatory?
  Answer

  Yes, unit of comparison, Gross Acres and signature when finalized.

• What would cause the contents of a report not to be saved?
  Answer

  On occasion, entering wrong data type may cause information not to be saved. For example, if text is added in a numeric field results may not be saved. If the content extends beyond the field area for example in sales comparison approach in documentation section if input extends beyond area, this can create an input error and it will not save information.

• How is the checklist used?
  Answer

  It can be downloaded and completed separately and saved.

• How are attachments identified in the addendum saved?
  Answer

  They would be saved as separate PDF’s and then combined to represent a complete work-file.

• The identification page has a section for a cost approach, how would this be completed?
  Answer

  If you have access to an MVS guide that would be the best source for completion. Appraisers can be off assistance or Binner Valuations could assist in preparation for a fee.

• How do I determine which evaluation form to use?
  Answer

  Land evaluation would be properties with land areas (5 acres) or greater with (1) or less vertical structures that do not contribute materially (7% or less) to value. Properties with 5 acres or less with a dwelling that contributes materially to value should use a residential appraisal or other evaluation product. Farming operations with (2) or more buildings and 5 acres or more of land would utilize a land and buildings evaluation. Either option will have an impact on the type of report used.

• What would be the best way to proceed with completing evaluation efficiently?
  Answer

  First, gather publicly available information (i.e., RE tax cards), and second gather other appropriate client data, ownership, sales history/listings, and operating history. Third, have property inspected, pictures and inspection report completed. Fourth, consider pertinent comparable sales data from appraisal files, assessors, brokers other market participants to complete sales comparison approach.

• Does every section need to be filled out?
  Answer

  No, however units of comparison and acreage does. If there are no vertical improvements, it would be appropriate to say none. If the subject property is an operating farm where soil suitable ratings are not a factor in pricing that could be excluded. On inspection form, there may be cases where either farm building or residential descriptions are not completed.

• How often should I save my work?
  Answer

  After each page is completed. There may be several steps in preparing evaluation so evaluation work can be saved in process. All input work can be reviewed by either using the preview function or the download function. In either case, there will be a watermark over the center of the report. Income information will update after cap rates are entered and saved.

• Can I make changes after I finalize a report?
  Answer

  No. Once finalized, the report cannot be amended, and it will count as a utilized report. Once the report is finalized the watermark will disappear.

• Is a report retrievable?
  Answer

  Yes, as long as log in information is provided.

• Is an inspection necessary?
  Answer

  If the property has improvements an accurate description of the improvements is a FIRREA requirement. Rather, as allowed by USPAP, an appraiser can determine the characteristics of a property through, among other things, any combination of property inspection, asset records, photographs, property sketches and other recorded media. The OCC published on April 14, 2020, an Interagency Statement on appraisals and Evaluations for Real Estate Related Transactions Affected by the Coronavirus. This document provides some flexibility on property inspections. If agricultural land has more than one tract, than continuity of tracts or physical access will impact merchantability and value of land. Any inspection waivers should be discussed with the financial institution leveraging the collateral.

• Are there any fields that are mandatory?
  Answer

  Yes, unit of comparison, Gross Acres and signature when finalized.

• What would cause the contents of a report not to be saved?
  Answer

  On occasion, entering wrong data type may cause information not to be saved. For example, if text is added in a numeric field results may not be saved. If the content extends beyond the field area for example in sales comparison approach in documentation section if input extends beyond area, this can create an input error and it will not save information.

• How is the checklist used?
  Answer

  It can be downloaded and completed separately and saved.

• How are attachments identified in the addendum saved?
  Answer

  They would be saved as separate PDF’s and then combined to represent a complete work-file.

• The identification page has a section for a cost approach, how would this be completed?
  Answer

  If you have access to an MVS guide that would be the best source for completion. Appraisers can be off assistance or Binner Valuations could assist in preparation for a fee.

• How do I determine which evaluation form to use?
  Answer

  Land evaluation would be properties with land areas (5 acres) or greater with (1) or less vertical structures that do not contribute materially (7% or less) to value. Properties with 5 acres or less with a dwelling that contributes materially to value should use a residential appraisal or other evaluation product. Farming operations with (2) or more buildings and 5 acres or more of land would utilize a land and buildings evaluation. Either option will have an impact on the type of report used.

• What would be the best way to proceed with completing evaluation efficiently?
  Answer

  First, gather publicly available information (i.e., RE tax cards), and second gather other appropriate client data, ownership, sales history/listings, and operating history. Third, have property inspected, pictures and inspection report completed. Fourth, consider pertinent comparable sales data from appraisal files, assessors, brokers other market participants to complete sales comparison approach.

• Does every section need to be filled out?
  Answer

  No, however units of comparison and acreage does. If there are no vertical improvements, it would be appropriate to say none. If the subject property is an operating farm where soil suitable ratings are not a factor in pricing that could be excluded. On inspection form, there may be cases where either farm building or residential descriptions are not completed.

• How often should I save my work?
  Answer

  After each page is completed. There may be several steps in preparing evaluation so evaluation work can be saved in process. All input work can be reviewed by either using the preview function or the download function. In either case, there will be a watermark over the center of the report. Income information will update after cap rates are entered and saved.

• Can I make changes after I finalize a report?
  Answer

  No. Once finalized, the report cannot be amended, and it will count as a utilized report. Once the report is finalized the watermark will disappear.

• Is a report retrievable?
  Answer

  Yes, as long as log in information is provided.

• Is an inspection necessary?
  Answer

  If the property has improvements an accurate description of the improvements is a FIRREA requirement. Rather, as allowed by USPAP, an appraiser can determine the characteristics of a property through, among other things, any combination of property inspection, asset records, photographs, property sketches and other recorded media. The OCC published on April 14, 2020, an Interagency Statement on appraisals and Evaluations for Real Estate Related Transactions Affected by the Coronavirus. This document provides some flexibility on property inspections. If agricultural land has more than one tract, than continuity of tracts or physical access will impact merchantability and value of land. Any inspection waivers should be discussed with the financial institution leveraging the collateral.

• Are there any fields that are mandatory?
  Answer

  Yes, unit of comparison, Gross Acres and signature when finalized.

• What would cause the contents of a report not to be saved?
  Answer

  On occasion, entering wrong data type may cause information not to be saved. For example, if text is added in a numeric field results may not be saved. If the content extends beyond the field area for example in sales comparison approach in documentation section if input extends beyond area, this can create an input error and it will not save information.

• How is the checklist used?
  Answer

  It can be downloaded and completed separately and saved.

• How are attachments identified in the addendum saved?
  Answer

  They would be saved as separate PDF’s and then combined to represent a complete work-file.

• The identification page has a section for a cost approach, how would this be completed?
  Answer

  If you have access to an MVS guide that would be the best source for completion. Appraisers can be off assistance or Binner Valuations could assist in preparation for a fee.

• How do I determine which evaluation form to use?
  Answer

  Land evaluation would be properties with land areas (5 acres) or greater with (1) or less vertical structures that do not contribute materially (7% or less) to value. Properties with 5 acres or less with a dwelling that contributes materially to value should use a residential appraisal or other evaluation product. Farming operations with (2) or more buildings and 5 acres or more of land would utilize a land and buildings evaluation. Either option will have an impact on the type of report used.

• What would be the best way to proceed with completing evaluation efficiently?
  Answer

  First, gather publicly available information (i.e., RE tax cards), and second gather other appropriate client data, ownership, sales history/listings, and operating history. Third, have property inspected, pictures and inspection report completed. Fourth, consider pertinent comparable sales data from appraisal files, assessors, brokers other market participants to complete sales comparison approach.

• Does every section need to be filled out?
  Answer

  No, however units of comparison and acreage does. If there are no vertical improvements, it would be appropriate to say none. If the subject property is an operating farm where soil suitable ratings are not a factor in pricing that could be excluded. On inspection form, there may be cases where either farm building or residential descriptions are not completed.

• How often should I save my work?
  Answer

  After each page is completed. There may be several steps in preparing evaluation so evaluation work can be saved in process. All input work can be reviewed by either using the preview function or the download function. In either case, there will be a watermark over the center of the report. Income information will update after cap rates are entered and saved.

• Can I make changes after I finalize a report?
  Answer

  No. Once finalized, the report cannot be amended, and it will count as a utilized report. Once the report is finalized the watermark will disappear.

• Is a report retrievable?
  Answer

  Yes, as long as log in information is provided.

• Is an inspection necessary?
  Answer

  If the property has improvements an accurate description of the improvements is a FIRREA requirement. Rather, as allowed by USPAP, an appraiser can determine the characteristics of a property through, among other things, any combination of property inspection, asset records, photographs, property sketches and other recorded media. The OCC published on April 14, 2020, an Interagency Statement on appraisals and Evaluations for Real Estate Related Transactions Affected by the Coronavirus. This document provides some flexibility on property inspections. If agricultural land has more than one tract, than continuity of tracts or physical access will impact merchantability and value of land. Any inspection waivers should be discussed with the financial institution leveraging the collateral.

• Are there any fields that are mandatory?
  Answer

  Yes, unit of comparison, Gross Acres and signature when finalized.

• What would cause the contents of a report not to be saved?
  Answer

  On occasion, entering wrong data type may cause information not to be saved. For example, if text is added in a numeric field results may not be saved. If the content extends beyond the field area for example in sales comparison approach in documentation section if input extends beyond area, this can create an input error and it will not save information.

• How is the checklist used?
  Answer

  It can be downloaded and completed separately and saved.

• How are attachments identified in the addendum saved?
  Answer

  They would be saved as separate PDF’s and then combined to represent a complete work-file.

• The identification page has a section for a cost approach, how would this be completed?
  Answer

  If you have access to an MVS guide that would be the best source for completion. Appraisers can be off assistance or Binner Valuations could assist in preparation for a fee.

• How do I determine which evaluation form to use?
  Answer

  Land evaluation would be properties with land areas (5 acres) or greater with (1) or less vertical structures that do not contribute materially (7% or less) to value. Properties with 5 acres or less with a dwelling that contributes materially to value should use a residential appraisal or other evaluation product. Farming operations with (2) or more buildings and 5 acres or more of land would utilize a land and buildings evaluation. Either option will have an impact on the type of report used.

• What would be the best way to proceed with completing evaluation efficiently?
  Answer

  First, gather publicly available information (i.e., RE tax cards), and second gather other appropriate client data, ownership, sales history/listings, and operating history. Third, have property inspected, pictures and inspection report completed. Fourth, consider pertinent comparable sales data from appraisal files, assessors, brokers other market participants to complete sales comparison approach.

• Does every section need to be filled out?
  Answer

  No, however units of comparison and acreage does. If there are no vertical improvements, it would be appropriate to say none. If the subject property is an operating farm where soil suitable ratings are not a factor in pricing that could be excluded. On inspection form, there may be cases where either farm building or residential descriptions are not completed.

• How often should I save my work?
  Answer

  After each page is completed. There may be several steps in preparing evaluation so evaluation work can be saved in process. All input work can be reviewed by either using the preview function or the download function. In either case, there will be a watermark over the center of the report. Income information will update after cap rates are entered and saved.

• Can I make changes after I finalize a report?
  Answer

  No. Once finalized, the report cannot be amended, and it will count as a utilized report. Once the report is finalized the watermark will disappear.

• Is a report retrievable?
  Answer

  Yes, as long as log in information is provided.

• Is an inspection necessary?
  Answer

  If the property has improvements an accurate description of the improvements is a FIRREA requirement. Rather, as allowed by USPAP, an appraiser can determine the characteristics of a property through, among other things, any combination of property inspection, asset records, photographs, property sketches and other recorded media. The OCC published on April 14, 2020, an Interagency Statement on appraisals and Evaluations for Real Estate Related Transactions Affected by the Coronavirus. This document provides some flexibility on property inspections. If agricultural land has more than one tract, than continuity of tracts or physical access will impact merchantability and value of land. Any inspection waivers should be discussed with the financial institution leveraging the collateral.

• Are there any fields that are mandatory?
  Answer

  Yes, unit of comparison, Gross Acres and signature when finalized.

• What would cause the contents of a report not to be saved?
  Answer

  On occasion, entering wrong data type may cause information not to be saved. For example, if text is added in a numeric field results may not be saved. If the content extends beyond the field area for example in sales comparison approach in documentation section if input extends beyond area, this can create an input error and it will not save information.

• How is the checklist used?
  Answer

  It can be downloaded and completed separately and saved.

• How are attachments identified in the addendum saved?
  Answer

  They would be saved as separate PDF’s and then combined to represent a complete work-file.

• The identification page has a section for a cost approach, how would this be completed?
  Answer

  If you have access to an MVS guide that would be the best source for completion. Appraisers can be off assistance or Binner Valuations could assist in preparation for a fee.

• How do I determine which evaluation form to use?
  Answer

  Land evaluation would be properties with land areas (5 acres) or greater with (1) or less vertical structures that do not contribute materially (7% or less) to value. Properties with 5 acres or less with a dwelling that contributes materially to value should use a residential appraisal or other evaluation product. Farming operations with (2) or more buildings and 5 acres or more of land would utilize a land and buildings evaluation. Either option will have an impact on the type of report used.

• What would be the best way to proceed with completing evaluation efficiently?
  Answer

  First, gather publicly available information (i.e., RE tax cards), and second gather other appropriate client data, ownership, sales history/listings, and operating history. Third, have property inspected, pictures and inspection report completed. Fourth, consider pertinent comparable sales data from appraisal files, assessors, brokers other market participants to complete sales comparison approach.

• Does every section need to be filled out?
  Answer

  No, however units of comparison and acreage does. If there are no vertical improvements, it would be appropriate to say none. If the subject property is an operating farm where soil suitable ratings are not a factor in pricing that could be excluded. On inspection form, there may be cases where either farm building or residential descriptions are not completed.

• How often should I save my work?
  Answer

  After each page is completed. There may be several steps in preparing evaluation so evaluation work can be saved in process. All input work can be reviewed by either using the preview function or the download function. In either case, there will be a watermark over the center of the report. Income information will update after cap rates are entered and saved.

• Can I make changes after I finalize a report?
  Answer

  No. Once finalized, the report cannot be amended, and it will count as a utilized report. Once the report is finalized the watermark will disappear.

• Is a report retrievable?
  Answer

  Yes, as long as log in information is provided.

• Is an inspection necessary?
  Answer

  If the property has improvements an accurate description of the improvements is a FIRREA requirement. Rather, as allowed by USPAP, an appraiser can determine the characteristics of a property through, among other things, any combination of property inspection, asset records, photographs, property sketches and other recorded media. The OCC published on April 14, 2020, an Interagency Statement on appraisals and Evaluations for Real Estate Related Transactions Affected by the Coronavirus. This document provides some flexibility on property inspections. If agricultural land has more than one tract, than continuity of tracts or physical access will impact merchantability and value of land. Any inspection waivers should be discussed with the financial institution leveraging the collateral.

• Are there any fields that are mandatory?
  Answer

  Yes, unit of comparison, Gross Acres and signature when finalized.

• What would cause the contents of a report not to be saved?
  Answer

  On occasion, entering wrong data type may cause information not to be saved. For example, if text is added in a numeric field results may not be saved. If the content extends beyond the field area for example in sales comparison approach in documentation section if input extends beyond area, this can create an input error and it will not save information.

• How is the checklist used?
  Answer

  It can be downloaded and completed separately and saved.

• How are attachments identified in the addendum saved?
  Answer

  They would be saved as separate PDF’s and then combined to represent a complete work-file.

• The identification page has a section for a cost approach, how would this be completed?
  Answer

  If you have access to an MVS guide that would be the best source for completion. Appraisers can be off assistance or Binner Valuations could assist in preparation for a fee.

• How do I determine which evaluation form to use?
  Answer

  Land evaluation would be properties with land areas (5 acres) or greater with (1) or less vertical structures that do not contribute materially (7% or less) to value. Properties with 5 acres or less with a dwelling that contributes materially to value should use a residential appraisal or other evaluation product. Farming operations with (2) or more buildings and 5 acres or more of land would utilize a land and buildings evaluation. Either option will have an impact on the type of report used.

• What would be the best way to proceed with completing evaluation efficiently?
  Answer

  First, gather publicly available information (i.e., RE tax cards), and second gather other appropriate client data, ownership, sales history/listings, and operating history. Third, have property inspected, pictures and inspection report completed. Fourth, consider pertinent comparable sales data from appraisal files, assessors, brokers other market participants to complete sales comparison approach.

• Does every section need to be filled out?
  Answer

  No, however units of comparison and acreage does. If there are no vertical improvements, it would be appropriate to say none. If the subject property is an operating farm where soil suitable ratings are not a factor in pricing that could be excluded. On inspection form, there may be cases where either farm building or residential descriptions are not completed.

• How often should I save my work?
  Answer

  After each page is completed. There may be several steps in preparing evaluation so evaluation work can be saved in process. All input work can be reviewed by either using the preview function or the download function. In either case, there will be a watermark over the center of the report. Income information will update after cap rates are entered and saved.

• Can I make changes after I finalize a report?
  Answer

  No. Once finalized, the report cannot be amended, and it will count as a utilized report. Once the report is finalized the watermark will disappear.

• Is a report retrievable?
  Answer

  Yes, as long as log in information is provided.

• Is an inspection necessary?
  Answer

  If the property has improvements an accurate description of the improvements is a FIRREA requirement. Rather, as allowed by USPAP, an appraiser can determine the characteristics of a property through, among other things, any combination of property inspection, asset records, photographs, property sketches and other recorded media. The OCC published on April 14, 2020, an Interagency Statement on appraisals and Evaluations for Real Estate Related Transactions Affected by the Coronavirus. This document provides some flexibility on property inspections. If agricultural land has more than one tract, than continuity of tracts or physical access will impact merchantability and value of land. Any inspection waivers should be discussed with the financial institution leveraging the collateral.

• Are there any fields that are mandatory?
  Answer

  Yes, unit of comparison, Gross Acres and signature when finalized.

• What would cause the contents of a report not to be saved?
  Answer

  On occasion, entering wrong data type may cause information not to be saved. For example, if text is added in a numeric field results may not be saved. If the content extends beyond the field area for example in sales comparison approach in documentation section if input extends beyond area, this can create an input error and it will not save information.

• How is the checklist used?
  Answer

  It can be downloaded and completed separately and saved.

• How are attachments identified in the addendum saved?
  Answer

  They would be saved as separate PDF’s and then combined to represent a complete work-file.

• The identification page has a section for a cost approach, how would this be completed?
  Answer

  If you have access to an MVS guide that would be the best source for completion. Appraisers can be off assistance or Binner Valuations could assist in preparation for a fee.

• How do I determine which evaluation form to use?
  Answer

  Land evaluation would be properties with land areas (5 acres) or greater with (1) or less vertical structures that do not contribute materially (7% or less) to value. Properties with 5 acres or less with a dwelling that contributes materially to value should use a residential appraisal or other evaluation product. Farming operations with (2) or more buildings and 5 acres or more of land would utilize a land and buildings evaluation. Either option will have an impact on the type of report used.

• What would be the best way to proceed with completing evaluation efficiently?
  Answer

  First, gather publicly available information (i.e., RE tax cards), and second gather other appropriate client data, ownership, sales history/listings, and operating history. Third, have property inspected, pictures and inspection report completed. Fourth, consider pertinent comparable sales data from appraisal files, assessors, brokers other market participants to complete sales comparison approach.

• Does every section need to be filled out?
  Answer

  No, however units of comparison and acreage does. If there are no vertical improvements, it would be appropriate to say none. If the subject property is an operating farm where soil suitable ratings are not a factor in pricing that could be excluded. On inspection form, there may be cases where either farm building or residential descriptions are not completed.

• How often should I save my work?
  Answer

  After each page is completed. There may be several steps in preparing evaluation so evaluation work can be saved in process. All input work can be reviewed by either using the preview function or the download function. In either case, there will be a watermark over the center of the report. Income information will update after cap rates are entered and saved.

• Can I make changes after I finalize a report?
  Answer

  No. Once finalized, the report cannot be amended, and it will count as a utilized report. Once the report is finalized the watermark will disappear.

• Is a report retrievable?
  Answer

  Yes, as long as log in information is provided.

• Is an inspection necessary?
  Answer

  If the property has improvements an accurate description of the improvements is a FIRREA requirement. Rather, as allowed by USPAP, an appraiser can determine the characteristics of a property through, among other things, any combination of property inspection, asset records, photographs, property sketches and other recorded media. The OCC published on April 14, 2020, an Interagency Statement on appraisals and Evaluations for Real Estate Related Transactions Affected by the Coronavirus. This document provides some flexibility on property inspections. If agricultural land has more than one tract, than continuity of tracts or physical access will impact merchantability and value of land. Any inspection waivers should be discussed with the financial institution leveraging the collateral.

• Are there any fields that are mandatory?
  Answer

  Yes, unit of comparison, Gross Acres and signature when finalized.

• What would cause the contents of a report not to be saved?
  Answer

  On occasion, entering wrong data type may cause information not to be saved. For example, if text is added in a numeric field results may not be saved. If the content extends beyond the field area for example in sales comparison approach in documentation section if input extends beyond area, this can create an input error and it will not save information.

• How is the checklist used?
  Answer

  It can be downloaded and completed separately and saved.

• How are attachments identified in the addendum saved?
  Answer

  They would be saved as separate PDF’s and then combined to represent a complete work-file.

• The identification page has a section for a cost approach, how would this be completed?
  Answer

  If you have access to an MVS guide that would be the best source for completion. Appraisers can be off assistance or Binner Valuations could assist in preparation for a fee.

• How do I determine which evaluation form to use?
  Answer

  Land evaluation would be properties with land areas (5 acres) or greater with (1) or less vertical structures that do not contribute materially (7% or less) to value. Properties with 5 acres or less with a dwelling that contributes materially to value should use a residential appraisal or other evaluation product. Farming operations with (2) or more buildings and 5 acres or more of land would utilize a land and buildings evaluation. Either option will have an impact on the type of report used.

• What would be the best way to proceed with completing evaluation efficiently?
  Answer

  First, gather publicly available information (i.e., RE tax cards), and second gather other appropriate client data, ownership, sales history/listings, and operating history. Third, have property inspected, pictures and inspection report completed. Fourth, consider pertinent comparable sales data from appraisal files, assessors, brokers other market participants to complete sales comparison approach.

• Does every section need to be filled out?
  Answer

  No, however units of comparison and acreage does. If there are no vertical improvements, it would be appropriate to say none. If the subject property is an operating farm where soil suitable ratings are not a factor in pricing that could be excluded. On inspection form, there may be cases where either farm building or residential descriptions are not completed.

• How often should I save my work?
  Answer

  After each page is completed. There may be several steps in preparing evaluation so evaluation work can be saved in process. All input work can be reviewed by either using the preview function or the download function. In either case, there will be a watermark over the center of the report. Income information will update after cap rates are entered and saved.

• Can I make changes after I finalize a report?
  Answer

  No. Once finalized, the report cannot be amended, and it will count as a utilized report. Once the report is finalized the watermark will disappear.

• Is a report retrievable?
  Answer

  Yes, as long as log in information is provided.

• Is an inspection necessary?
  Answer

  If the property has improvements an accurate description of the improvements is a FIRREA requirement. Rather, as allowed by USPAP, an appraiser can determine the characteristics of a property through, among other things, any combination of property inspection, asset records, photographs, property sketches and other recorded media. The OCC published on April 14, 2020, an Interagency Statement on appraisals and Evaluations for Real Estate Related Transactions Affected by the Coronavirus. This document provides some flexibility on property inspections. If agricultural land has more than one tract, than continuity of tracts or physical access will impact merchantability and value of land. Any inspection waivers should be discussed with the financial institution leveraging the collateral.

• Are there any fields that are mandatory?
  Answer

  Yes, unit of comparison, Gross Acres and signature when finalized.

• What would cause the contents of a report not to be saved?
  Answer

  On occasion, entering wrong data type may cause information not to be saved. For example, if text is added in a numeric field results may not be saved. If the content extends beyond the field area for example in sales comparison approach in documentation section if input extends beyond area, this can create an input error and it will not save information.

• How is the checklist used?
  Answer

  It can be downloaded and completed separately and saved.

• How are attachments identified in the addendum saved?
  Answer

  They would be saved as separate PDF’s and then combined to represent a complete work-file.

• The identification page has a section for a cost approach, how would this be completed?
  Answer

  If you have access to an MVS guide that would be the best source for completion. Appraisers can be off assistance or Binner Valuations could assist in preparation for a fee.

• How do I determine which evaluation form to use?
  Answer

  Land evaluation would be properties with land areas (5 acres) or greater with (1) or less vertical structures that do not contribute materially (7% or less) to value. Properties with 5 acres or less with a dwelling that contributes materially to value should use a residential appraisal or other evaluation product. Farming operations with (2) or more buildings and 5 acres or more of land would utilize a land and buildings evaluation. Either option will have an impact on the type of report used.

• What would be the best way to proceed with completing evaluation efficiently?
  Answer

  First, gather publicly available information (i.e., RE tax cards), and second gather other appropriate client data, ownership, sales history/listings, and operating history. Third, have property inspected, pictures and inspection report completed. Fourth, consider pertinent comparable sales data from appraisal files, assessors, brokers other market participants to complete sales comparison approach.

• Does every section need to be filled out?
  Answer

  No, however units of comparison and acreage does. If there are no vertical improvements, it would be appropriate to say none. If the subject property is an operating farm where soil suitable ratings are not a factor in pricing that could be excluded. On inspection form, there may be cases where either farm building or residential descriptions are not completed.

• How often should I save my work?
  Answer

  After each page is completed. There may be several steps in preparing evaluation so evaluation work can be saved in process. All input work can be reviewed by either using the preview function or the download function. In either case, there will be a watermark over the center of the report. Income information will update after cap rates are entered and saved.

• Can I make changes after I finalize a report?
  Answer

  No. Once finalized, the report cannot be amended, and it will count as a utilized report. Once the report is finalized the watermark will disappear.

• Is a report retrievable?
  Answer

  Yes, as long as log in information is provided.

• Is an inspection necessary?
  Answer

  If the property has improvements an accurate description of the improvements is a FIRREA requirement. Rather, as allowed by USPAP, an appraiser can determine the characteristics of a property through, among other things, any combination of property inspection, asset records, photographs, property sketches and other recorded media. The OCC published on April 14, 2020, an Interagency Statement on appraisals and Evaluations for Real Estate Related Transactions Affected by the Coronavirus. This document provides some flexibility on property inspections. If agricultural land has more than one tract, than continuity of tracts or physical access will impact merchantability and value of land. Any inspection waivers should be discussed with the financial institution leveraging the collateral.

• Are there any fields that are mandatory?
  Answer

  Yes, unit of comparison, Gross Acres and signature when finalized.

• What would cause the contents of a report not to be saved?
  Answer

  On occasion, entering wrong data type may cause information not to be saved. For example, if text is added in a numeric field results may not be saved. If the content extends beyond the field area for example in sales comparison approach in documentation section if input extends beyond area, this can create an input error and it will not save information.

• How is the checklist used?
  Answer

  It can be downloaded and completed separately and saved.

• How are attachments identified in the addendum saved?
  Answer

  They would be saved as separate PDF’s and then combined to represent a complete work-file.

• The identification page has a section for a cost approach, how would this be completed?
  Answer

  If you have access to an MVS guide that would be the best source for completion. Appraisers can be off assistance or Binner Valuations could assist in preparation for a fee.

• How do I determine which evaluation form to use?
  Answer

  Land evaluation would be properties with land areas (5 acres) or greater with (1) or less vertical structures that do not contribute materially (7% or less) to value. Properties with 5 acres or less with a dwelling that contributes materially to value should use a residential appraisal or other evaluation product. Farming operations with (2) or more buildings and 5 acres or more of land would utilize a land and buildings evaluation. Either option will have an impact on the type of report used.

• What would be the best way to proceed with completing evaluation efficiently?
  Answer

  First, gather publicly available information (i.e., RE tax cards), and second gather other appropriate client data, ownership, sales history/listings, and operating history. Third, have property inspected, pictures and inspection report completed. Fourth, consider pertinent comparable sales data from appraisal files, assessors, brokers other market participants to complete sales comparison approach.

• Does every section need to be filled out?
  Answer

  No, however units of comparison and acreage does. If there are no vertical improvements, it would be appropriate to say none. If the subject property is an operating farm where soil suitable ratings are not a factor in pricing that could be excluded. On inspection form, there may be cases where either farm building or residential descriptions are not completed.

• How often should I save my work?
  Answer

  After each page is completed. There may be several steps in preparing evaluation so evaluation work can be saved in process. All input work can be reviewed by either using the preview function or the download function. In either case, there will be a watermark over the center of the report. Income information will update after cap rates are entered and saved.

• Can I make changes after I finalize a report?
  Answer

  No. Once finalized, the report cannot be amended, and it will count as a utilized report. Once the report is finalized the watermark will disappear.

• Is a report retrievable?
  Answer

  Yes, as long as log in information is provided.

• Is an inspection necessary?
  Answer

  If the property has improvements an accurate description of the improvements is a FIRREA requirement. Rather, as allowed by USPAP, an appraiser can determine the characteristics of a property through, among other things, any combination of property inspection, asset records, photographs, property sketches and other recorded media. The OCC published on April 14, 2020, an Interagency Statement on appraisals and Evaluations for Real Estate Related Transactions Affected by the Coronavirus. This document provides some flexibility on property inspections. If agricultural land has more than one tract, than continuity of tracts or physical access will impact merchantability and value of land. Any inspection waivers should be discussed with the financial institution leveraging the collateral.

• Are there any fields that are mandatory?
  Answer

  Yes, unit of comparison, Gross Acres and signature when finalized.

• What would cause the contents of a report not to be saved?
  Answer

  On occasion, entering wrong data type may cause information not to be saved. For example, if text is added in a numeric field results may not be saved. If the content extends beyond the field area for example in sales comparison approach in documentation section if input extends beyond area, this can create an input error and it will not save information.

• How is the checklist used?
  Answer

  It can be downloaded and completed separately and saved.

• How are attachments identified in the addendum saved?
  Answer

  They would be saved as separate PDF’s and then combined to represent a complete work-file.

• The identification page has a section for a cost approach, how would this be completed?
  Answer

  If you have access to an MVS guide that would be the best source for completion. Appraisers can be off assistance or Binner Valuations could assist in preparation for a fee.

• How do I determine which evaluation form to use?
  Answer

  Land evaluation would be properties with land areas (5 acres) or greater with (1) or less vertical structures that do not contribute materially (7% or less) to value. Properties with 5 acres or less with a dwelling that contributes materially to value should use a residential appraisal or other evaluation product. Farming operations with (2) or more buildings and 5 acres or more of land would utilize a land and buildings evaluation. Either option will have an impact on the type of report used.

• What would be the best way to proceed with completing evaluation efficiently?
  Answer

  First, gather publicly available information (i.e., RE tax cards), and second gather other appropriate client data, ownership, sales history/listings, and operating history. Third, have property inspected, pictures and inspection report completed. Fourth, consider pertinent comparable sales data from appraisal files, assessors, brokers other market participants to complete sales comparison approach.

• Does every section need to be filled out?
  Answer

  No, however units of comparison and acreage does. If there are no vertical improvements, it would be appropriate to say none. If the subject property is an operating farm where soil suitable ratings are not a factor in pricing that could be excluded. On inspection form, there may be cases where either farm building or residential descriptions are not completed.

• How often should I save my work?
  Answer

  After each page is completed. There may be several steps in preparing evaluation so evaluation work can be saved in process. All input work can be reviewed by either using the preview function or the download function. In either case, there will be a watermark over the center of the report. Income information will update after cap rates are entered and saved.

• Can I make changes after I finalize a report?
  Answer

  No. Once finalized, the report cannot be amended, and it will count as a utilized report. Once the report is finalized the watermark will disappear.

• Is a report retrievable?
  Answer

  Yes, as long as log in information is provided.

• Is an inspection necessary?
  Answer

  If the property has improvements an accurate description of the improvements is a FIRREA requirement. Rather, as allowed by USPAP, an appraiser can determine the characteristics of a property through, among other things, any combination of property inspection, asset records, photographs, property sketches and other recorded media. The OCC published on April 14, 2020, an Interagency Statement on appraisals and Evaluations for Real Estate Related Transactions Affected by the Coronavirus. This document provides some flexibility on property inspections. If agricultural land has more than one tract, than continuity of tracts or physical access will impact merchantability and value of land. Any inspection waivers should be discussed with the financial institution leveraging the collateral.

• Are there any fields that are mandatory?
  Answer

  Yes, unit of comparison, Gross Acres and signature when finalized.

• What would cause the contents of a report not to be saved?
  Answer

  On occasion, entering wrong data type may cause information not to be saved. For example, if text is added in a numeric field results may not be saved. If the content extends beyond the field area for example in sales comparison approach in documentation section if input extends beyond area, this can create an input error and it will not save information.

• How is the checklist used?
  Answer

  It can be downloaded and completed separately and saved.

• How are attachments identified in the addendum saved?
  Answer

  They would be saved as separate PDF’s and then combined to represent a complete work-file.

• The identification page has a section for a cost approach, how would this be completed?
  Answer

  If you have access to an MVS guide that would be the best source for completion. Appraisers can be off assistance or Binner Valuations could assist in preparation for a fee.

• How do I determine which evaluation form to use?
  Answer

  Land evaluation would be properties with land areas (5 acres) or greater with (1) or less vertical structures that do not contribute materially (7% or less) to value. Properties with 5 acres or less with a dwelling that contributes materially to value should use a residential appraisal or other evaluation product. Farming operations with (2) or more buildings and 5 acres or more of land would utilize a land and buildings evaluation. Either option will have an impact on the type of report used.

• What would be the best way to proceed with completing evaluation efficiently?
  Answer

  First, gather publicly available information (i.e., RE tax cards), and second gather other appropriate client data, ownership, sales history/listings, and operating history. Third, have property inspected, pictures and inspection report completed. Fourth, consider pertinent comparable sales data from appraisal files, assessors, brokers other market participants to complete sales comparison approach.

• Does every section need to be filled out?
  Answer

  No, however units of comparison and acreage does. If there are no vertical improvements, it would be appropriate to say none. If the subject property is an operating farm where soil suitable ratings are not a factor in pricing that could be excluded. On inspection form, there may be cases where either farm building or residential descriptions are not completed.

• How often should I save my work?
  Answer

  After each page is completed. There may be several steps in preparing evaluation so evaluation work can be saved in process. All input work can be reviewed by either using the preview function or the download function. In either case, there will be a watermark over the center of the report. Income information will update after cap rates are entered and saved.

• Can I make changes after I finalize a report?
  Answer

  No. Once finalized, the report cannot be amended, and it will count as a utilized report. Once the report is finalized the watermark will disappear.

• Is a report retrievable?
  Answer

  Yes, as long as log in information is provided.

• Is an inspection necessary?
  Answer

  If the property has improvements an accurate description of the improvements is a FIRREA requirement. Rather, as allowed by USPAP, an appraiser can determine the characteristics of a property through, among other things, any combination of property inspection, asset records, photographs, property sketches and other recorded media. The OCC published on April 14, 2020, an Interagency Statement on appraisals and Evaluations for Real Estate Related Transactions Affected by the Coronavirus. This document provides some flexibility on property inspections. If agricultural land has more than one tract, than continuity of tracts or physical access will impact merchantability and value of land. Any inspection waivers should be discussed with the financial institution leveraging the collateral.

• Are there any fields that are mandatory?
  Answer

  Yes, unit of comparison, Gross Acres and signature when finalized.

• What would cause the contents of a report not to be saved?
  Answer

  On occasion, entering wrong data type may cause information not to be saved. For example, if text is added in a numeric field results may not be saved. If the content extends beyond the field area for example in sales comparison approach in documentation section if input extends beyond area, this can create an input error and it will not save information.

• How is the checklist used?
  Answer

  It can be downloaded and completed separately and saved.

• How are attachments identified in the addendum saved?
  Answer

  They would be saved as separate PDF’s and then combined to represent a complete work-file.

• The identification page has a section for a cost approach, how would this be completed?
  Answer

  If you have access to an MVS guide that would be the best source for completion. Appraisers can be off assistance or Binner Valuations could assist in preparation for a fee.

• How do I determine which evaluation form to use?
  Answer

  Land evaluation would be properties with land areas (5 acres) or greater with (1) or less vertical structures that do not contribute materially (7% or less) to value. Properties with 5 acres or less with a dwelling that contributes materially to value should use a residential appraisal or other evaluation product. Farming operations with (2) or more buildings and 5 acres or more of land would utilize a land and buildings evaluation. Either option will have an impact on the type of report used.

• What would be the best way to proceed with completing evaluation efficiently?
  Answer

  First, gather publicly available information (i.e., RE tax cards), and second gather other appropriate client data, ownership, sales history/listings, and operating history. Third, have property inspected, pictures and inspection report completed. Fourth, consider pertinent comparable sales data from appraisal files, assessors, brokers other market participants to complete sales comparison approach.

• Does every section need to be filled out?
  Answer

  No, however units of comparison and acreage does. If there are no vertical improvements, it would be appropriate to say none. If the subject property is an operating farm where soil suitable ratings are not a factor in pricing that could be excluded. On inspection form, there may be cases where either farm building or residential descriptions are not completed.

• How often should I save my work?
  Answer

  After each page is completed. There may be several steps in preparing evaluation so evaluation work can be saved in process. All input work can be reviewed by either using the preview function or the download function. In either case, there will be a watermark over the center of the report. Income information will update after cap rates are entered and saved.

• Can I make changes after I finalize a report?
  Answer

  No. Once finalized, the report cannot be amended, and it will count as a utilized report. Once the report is finalized the watermark will disappear.

• Is a report retrievable?
  Answer

  Yes, as long as log in information is provided.

• Is an inspection necessary?
  Answer

  If the property has improvements an accurate description of the improvements is a FIRREA requirement. Rather, as allowed by USPAP, an appraiser can determine the characteristics of a property through, among other things, any combination of property inspection, asset records, photographs, property sketches and other recorded media. The OCC published on April 14, 2020, an Interagency Statement on appraisals and Evaluations for Real Estate Related Transactions Affected by the Coronavirus. This document provides some flexibility on property inspections. If agricultural land has more than one tract, than continuity of tracts or physical access will impact merchantability and value of land. Any inspection waivers should be discussed with the financial institution leveraging the collateral.

• Are there any fields that are mandatory?
  Answer

  Yes, unit of comparison, Gross Acres and signature when finalized.

• What would cause the contents of a report not to be saved?
  Answer

  On occasion, entering wrong data type may cause information not to be saved. For example, if text is added in a numeric field results may not be saved. If the content extends beyond the field area for example in sales comparison approach in documentation section if input extends beyond area, this can create an input error and it will not save information.

• How is the checklist used?
  Answer

  It can be downloaded and completed separately and saved.

• How are attachments identified in the addendum saved?
  Answer

  They would be saved as separate PDF’s and then combined to represent a complete work-file.

• The identification page has a section for a cost approach, how would this be completed?
  Answer

  If you have access to an MVS guide that would be the best source for completion. Appraisers can be off assistance or Binner Valuations could assist in preparation for a fee.

• How do I determine which evaluation form to use?
  Answer

  Land evaluation would be properties with land areas (5 acres) or greater with (1) or less vertical structures that do not contribute materially (7% or less) to value. Properties with 5 acres or less with a dwelling that contributes materially to value should use a residential appraisal or other evaluation product. Farming operations with (2) or more buildings and 5 acres or more of land would utilize a land and buildings evaluation. Either option will have an impact on the type of report used.

• What would be the best way to proceed with completing evaluation efficiently?
  Answer

  First, gather publicly available information (i.e., RE tax cards), and second gather other appropriate client data, ownership, sales history/listings, and operating history. Third, have property inspected, pictures and inspection report completed. Fourth, consider pertinent comparable sales data from appraisal files, assessors, brokers other market participants to complete sales comparison approach.

• Does every section need to be filled out?
  Answer

  No, however units of comparison and acreage does. If there are no vertical improvements, it would be appropriate to say none. If the subject property is an operating farm where soil suitable ratings are not a factor in pricing that could be excluded. On inspection form, there may be cases where either farm building or residential descriptions are not completed.

• How often should I save my work?
  Answer

  After each page is completed. There may be several steps in preparing evaluation so evaluation work can be saved in process. All input work can be reviewed by either using the preview function or the download function. In either case, there will be a watermark over the center of the report. Income information will update after cap rates are entered and saved.

• Can I make changes after I finalize a report?
  Answer

  No. Once finalized, the report cannot be amended, and it will count as a utilized report. Once the report is finalized the watermark will disappear.

• Is a report retrievable?
  Answer

  Yes, as long as log in information is provided.

• Is an inspection necessary?
  Answer

  If the property has improvements an accurate description of the improvements is a FIRREA requirement. Rather, as allowed by USPAP, an appraiser can determine the characteristics of a property through, among other things, any combination of property inspection, asset records, photographs, property sketches and other recorded media. The OCC published on April 14, 2020, an Interagency Statement on appraisals and Evaluations for Real Estate Related Transactions Affected by the Coronavirus. This document provides some flexibility on property inspections. If agricultural land has more than one tract, than continuity of tracts or physical access will impact merchantability and value of land. Any inspection waivers should be discussed with the financial institution leveraging the collateral.

• Are there any fields that are mandatory?
  Answer

  Yes, unit of comparison, Gross Acres and signature when finalized.

• What would cause the contents of a report not to be saved?
  Answer

  On occasion, entering wrong data type may cause information not to be saved. For example, if text is added in a numeric field results may not be saved. If the content extends beyond the field area for example in sales comparison approach in documentation section if input extends beyond area, this can create an input error and it will not save information.

• How is the checklist used?
  Answer

  It can be downloaded and completed separately and saved.

• How are attachments identified in the addendum saved?
  Answer

  They would be saved as separate PDF’s and then combined to represent a complete work-file.

• The identification page has a section for a cost approach, how would this be completed?
  Answer

  If you have access to an MVS guide that would be the best source for completion. Appraisers can be off assistance or Binner Valuations could assist in preparation for a fee.

• How do I determine which evaluation form to use?
  Answer

  Land evaluation would be properties with land areas (5 acres) or greater with (1) or less vertical structures that do not contribute materially (7% or less) to value. Properties with 5 acres or less with a dwelling that contributes materially to value should use a residential appraisal or other evaluation product. Farming operations with (2) or more buildings and 5 acres or more of land would utilize a land and buildings evaluation. Either option will have an impact on the type of report used.

• What would be the best way to proceed with completing evaluation efficiently?
  Answer

  First, gather publicly available information (i.e., RE tax cards), and second gather other appropriate client data, ownership, sales history/listings, and operating history. Third, have property inspected, pictures and inspection report completed. Fourth, consider pertinent comparable sales data from appraisal files, assessors, brokers other market participants to complete sales comparison approach.

• Does every section need to be filled out?
  Answer

  No, however units of comparison and acreage does. If there are no vertical improvements, it would be appropriate to say none. If the subject property is an operating farm where soil suitable ratings are not a factor in pricing that could be excluded. On inspection form, there may be cases where either farm building or residential descriptions are not completed.

• How often should I save my work?
  Answer

  After each page is completed. There may be several steps in preparing evaluation so evaluation work can be saved in process. All input work can be reviewed by either using the preview function or the download function. In either case, there will be a watermark over the center of the report. Income information will update after cap rates are entered and saved.

• Can I make changes after I finalize a report?
  Answer

  No. Once finalized, the report cannot be amended, and it will count as a utilized report. Once the report is finalized the watermark will disappear.

• Is a report retrievable?
  Answer

  Yes, as long as log in information is provided.

• Is an inspection necessary?
  Answer

  If the property has improvements an accurate description of the improvements is a FIRREA requirement. Rather, as allowed by USPAP, an appraiser can determine the characteristics of a property through, among other things, any combination of property inspection, asset records, photographs, property sketches and other recorded media. The OCC published on April 14, 2020, an Interagency Statement on appraisals and Evaluations for Real Estate Related Transactions Affected by the Coronavirus. This document provides some flexibility on property inspections. If agricultural land has more than one tract, than continuity of tracts or physical access will impact merchantability and value of land. Any inspection waivers should be discussed with the financial institution leveraging the collateral.

• Are there any fields that are mandatory?
  Answer

  Yes, unit of comparison, Gross Acres and signature when finalized.

• What would cause the contents of a report not to be saved?
  Answer

  On occasion, entering wrong data type may cause information not to be saved. For example, if text is added in a numeric field results may not be saved. If the content extends beyond the field area for example in sales comparison approach in documentation section if input extends beyond area, this can create an input error and it will not save information.

• How is the checklist used?
  Answer

  It can be downloaded and completed separately and saved.

• How are attachments identified in the addendum saved?
  Answer

  They would be saved as separate PDF’s and then combined to represent a complete work-file.

• The identification page has a section for a cost approach, how would this be completed?
  Answer

  If you have access to an MVS guide that would be the best source for completion. Appraisers can be off assistance or Binner Valuations could assist in preparation for a fee.

• How do I determine which evaluation form to use?
  Answer

  Land evaluation would be properties with land areas (5 acres) or greater with (1) or less vertical structures that do not contribute materially (7% or less) to value. Properties with 5 acres or less with a dwelling that contributes materially to value should use a residential appraisal or other evaluation product. Farming operations with (2) or more buildings and 5 acres or more of land would utilize a land and buildings evaluation. Either option will have an impact on the type of report used.

• What would be the best way to proceed with completing evaluation efficiently?
  Answer

  First, gather publicly available information (i.e., RE tax cards), and second gather other appropriate client data, ownership, sales history/listings, and operating history. Third, have property inspected, pictures and inspection report completed. Fourth, consider pertinent comparable sales data from appraisal files, assessors, brokers other market participants to complete sales comparison approach.

• Does every section need to be filled out?
  Answer

  No, however units of comparison and acreage does. If there are no vertical improvements, it would be appropriate to say none. If the subject property is an operating farm where soil suitable ratings are not a factor in pricing that could be excluded. On inspection form, there may be cases where either farm building or residential descriptions are not completed.

• How often should I save my work?
  Answer

  After each page is completed. There may be several steps in preparing evaluation so evaluation work can be saved in process. All input work can be reviewed by either using the preview function or the download function. In either case, there will be a watermark over the center of the report. Income information will update after cap rates are entered and saved.

• Can I make changes after I finalize a report?
  Answer

  No. Once finalized, the report cannot be amended, and it will count as a utilized report. Once the report is finalized the watermark will disappear.

• Is a report retrievable?
  Answer

  Yes, as long as log in information is provided.

• Is an inspection necessary?
  Answer

  If the property has improvements an accurate description of the improvements is a FIRREA requirement. Rather, as allowed by USPAP, an appraiser can determine the characteristics of a property through, among other things, any combination of property inspection, asset records, photographs, property sketches and other recorded media. The OCC published on April 14, 2020, an Interagency Statement on appraisals and Evaluations for Real Estate Related Transactions Affected by the Coronavirus. This document provides some flexibility on property inspections. If agricultural land has more than one tract, than continuity of tracts or physical access will impact merchantability and value of land. Any inspection waivers should be discussed with the financial institution leveraging the collateral.

• Are there any fields that are mandatory?
  Answer

  Yes, unit of comparison, Gross Acres and signature when finalized.

• What would cause the contents of a report not to be saved?
  Answer

  On occasion, entering wrong data type may cause information not to be saved. For example, if text is added in a numeric field results may not be saved. If the content extends beyond the field area for example in sales comparison approach in documentation section if input extends beyond area, this can create an input error and it will not save information.

• How is the checklist used?
  Answer

  It can be downloaded and completed separately and saved.

• How are attachments identified in the addendum saved?
  Answer

  They would be saved as separate PDF’s and then combined to represent a complete work-file.

• The identification page has a section for a cost approach, how would this be completed?
  Answer

  If you have access to an MVS guide that would be the best source for completion. Appraisers can be off assistance or Binner Valuations could assist in preparation for a fee.

• How do I determine which evaluation form to use?
  Answer

  Land evaluation would be properties with land areas (5 acres) or greater with (1) or less vertical structures that do not contribute materially (7% or less) to value. Properties with 5 acres or less with a dwelling that contributes materially to value should use a residential appraisal or other evaluation product. Farming operations with (2) or more buildings and 5 acres or more of land would utilize a land and buildings evaluation. Either option will have an impact on the type of report used.

• What would be the best way to proceed with completing evaluation efficiently?
  Answer

  First, gather publicly available information (i.e., RE tax cards), and second gather other appropriate client data, ownership, sales history/listings, and operating history. Third, have property inspected, pictures and inspection report completed. Fourth, consider pertinent comparable sales data from appraisal files, assessors, brokers other market participants to complete sales comparison approach.

• Does every section need to be filled out?
  Answer

  No, however units of comparison and acreage does. If there are no vertical improvements, it would be appropriate to say none. If the subject property is an operating farm where soil suitable ratings are not a factor in pricing that could be excluded. On inspection form, there may be cases where either farm building or residential descriptions are not completed.

• How often should I save my work?
  Answer

  After each page is completed. There may be several steps in preparing evaluation so evaluation work can be saved in process. All input work can be reviewed by either using the preview function or the download function. In either case, there will be a watermark over the center of the report. Income information will update after cap rates are entered and saved.

• Can I make changes after I finalize a report?
  Answer

  No. Once finalized, the report cannot be amended, and it will count as a utilized report. Once the report is finalized the watermark will disappear.

• Is a report retrievable?
  Answer

  Yes, as long as log in information is provided.

• Is an inspection necessary?
  Answer

  If the property has improvements an accurate description of the improvements is a FIRREA requirement. Rather, as allowed by USPAP, an appraiser can determine the characteristics of a property through, among other things, any combination of property inspection, asset records, photographs, property sketches and other recorded media. The OCC published on April 14, 2020, an Interagency Statement on appraisals and Evaluations for Real Estate Related Transactions Affected by the Coronavirus. This document provides some flexibility on property inspections. If agricultural land has more than one tract, than continuity of tracts or physical access will impact merchantability and value of land. Any inspection waivers should be discussed with the financial institution leveraging the collateral.

• Are there any fields that are mandatory?
  Answer

  Yes, unit of comparison, Gross Acres and signature when finalized.

• What would cause the contents of a report not to be saved?
  Answer

  On occasion, entering wrong data type may cause information not to be saved. For example, if text is added in a numeric field results may not be saved. If the content extends beyond the field area for example in sales comparison approach in documentation section if input extends beyond area, this can create an input error and it will not save information.

• How is the checklist used?
  Answer

  It can be downloaded and completed separately and saved.

• How are attachments identified in the addendum saved?
  Answer

  They would be saved as separate PDF’s and then combined to represent a complete work-file.

• The identification page has a section for a cost approach, how would this be completed?
  Answer

  If you have access to an MVS guide that would be the best source for completion. Appraisers can be off assistance or Binner Valuations could assist in preparation for a fee.

• How do I determine which evaluation form to use?
  Answer

  Land evaluation would be properties with land areas (5 acres) or greater with (1) or less vertical structures that do not contribute materially (7% or less) to value. Properties with 5 acres or less with a dwelling that contributes materially to value should use a residential appraisal or other evaluation product. Farming operations with (2) or more buildings and 5 acres or more of land would utilize a land and buildings evaluation. Either option will have an impact on the type of report used.

• What would be the best way to proceed with completing evaluation efficiently?
  Answer

  First, gather publicly available information (i.e., RE tax cards), and second gather other appropriate client data, ownership, sales history/listings, and operating history. Third, have property inspected, pictures and inspection report completed. Fourth, consider pertinent comparable sales data from appraisal files, assessors, brokers other market participants to complete sales comparison approach.

• Does every section need to be filled out?
  Answer

  No, however units of comparison and acreage does. If there are no vertical improvements, it would be appropriate to say none. If the subject property is an operating farm where soil suitable ratings are not a factor in pricing that could be excluded. On inspection form, there may be cases where either farm building or residential descriptions are not completed.

• How often should I save my work?
  Answer

  After each page is completed. There may be several steps in preparing evaluation so evaluation work can be saved in process. All input work can be reviewed by either using the preview function or the download function. In either case, there will be a watermark over the center of the report. Income information will update after cap rates are entered and saved.

• Can I make changes after I finalize a report?
  Answer

  No. Once finalized, the report cannot be amended, and it will count as a utilized report. Once the report is finalized the watermark will disappear.

• Is a report retrievable?
  Answer

  Yes, as long as log in information is provided.

• Is an inspection necessary?
  Answer

  If the property has improvements an accurate description of the improvements is a FIRREA requirement. Rather, as allowed by USPAP, an appraiser can determine the characteristics of a property through, among other things, any combination of property inspection, asset records, photographs, property sketches and other recorded media. The OCC published on April 14, 2020, an Interagency Statement on appraisals and Evaluations for Real Estate Related Transactions Affected by the Coronavirus. This document provides some flexibility on property inspections. If agricultural land has more than one tract, than continuity of tracts or physical access will impact merchantability and value of land. Any inspection waivers should be discussed with the financial institution leveraging the collateral.

• Are there any fields that are mandatory?
  Answer

  Yes, unit of comparison, Gross Acres and signature when finalized.

• What would cause the contents of a report not to be saved?
  Answer

  On occasion, entering wrong data type may cause information not to be saved. For example, if text is added in a numeric field results may not be saved. If the content extends beyond the field area for example in sales comparison approach in documentation section if input extends beyond area, this can create an input error and it will not save information.

• How is the checklist used?
  Answer

  It can be downloaded and completed separately and saved.

• How are attachments identified in the addendum saved?
  Answer

  They would be saved as separate PDF’s and then combined to represent a complete work-file.

• The identification page has a section for a cost approach, how would this be completed?
  Answer

  If you have access to an MVS guide that would be the best source for completion. Appraisers can be off assistance or Binner Valuations could assist in preparation for a fee.

• How do I determine which evaluation form to use?
  Answer

  Land evaluation would be properties with land areas (5 acres) or greater with (1) or less vertical structures that do not contribute materially (7% or less) to value. Properties with 5 acres or less with a dwelling that contributes materially to value should use a residential appraisal or other evaluation product. Farming operations with (2) or more buildings and 5 acres or more of land would utilize a land and buildings evaluation. Either option will have an impact on the type of report used.

• What would be the best way to proceed with completing evaluation efficiently?
  Answer

  First, gather publicly available information (i.e., RE tax cards), and second gather other appropriate client data, ownership, sales history/listings, and operating history. Third, have property inspected, pictures and inspection report completed. Fourth, consider pertinent comparable sales data from appraisal files, assessors, brokers other market participants to complete sales comparison approach.

• Does every section need to be filled out?
  Answer

  No, however units of comparison and acreage does. If there are no vertical improvements, it would be appropriate to say none. If the subject property is an operating farm where soil suitable ratings are not a factor in pricing that could be excluded. On inspection form, there may be cases where either farm building or residential descriptions are not completed.

• How often should I save my work?
  Answer

  After each page is completed. There may be several steps in preparing evaluation so evaluation work can be saved in process. All input work can be reviewed by either using the preview function or the download function. In either case, there will be a watermark over the center of the report. Income information will update after cap rates are entered and saved.

• Can I make changes after I finalize a report?
  Answer

  No. Once finalized, the report cannot be amended, and it will count as a utilized report. Once the report is finalized the watermark will disappear.

• Is a report retrievable?
  Answer

  Yes, as long as log in information is provided.

• Is an inspection necessary?
  Answer

  If the property has improvements an accurate description of the improvements is a FIRREA requirement. Rather, as allowed by USPAP, an appraiser can determine the characteristics of a property through, among other things, any combination of property inspection, asset records, photographs, property sketches and other recorded media. The OCC published on April 14, 2020, an Interagency Statement on appraisals and Evaluations for Real Estate Related Transactions Affected by the Coronavirus. This document provides some flexibility on property inspections. If agricultural land has more than one tract, than continuity of tracts or physical access will impact merchantability and value of land. Any inspection waivers should be discussed with the financial institution leveraging the collateral.

• Are there any fields that are mandatory?
  Answer

  Yes, unit of comparison, Gross Acres and signature when finalized.

• What would cause the contents of a report not to be saved?
  Answer

  On occasion, entering wrong data type may cause information not to be saved. For example, if text is added in a numeric field results may not be saved. If the content extends beyond the field area for example in sales comparison approach in documentation section if input extends beyond area, this can create an input error and it will not save information.

• How is the checklist used?
  Answer

  It can be downloaded and completed separately and saved.

• How are attachments identified in the addendum saved?
  Answer

  They would be saved as separate PDF’s and then combined to represent a complete work-file.

• The identification page has a section for a cost approach, how would this be completed?
  Answer

  If you have access to an MVS guide that would be the best source for completion. Appraisers can be off assistance or Binner Valuations could assist in preparation for a fee.

• How do I determine which evaluation form to use?
  Answer

  Land evaluation would be properties with land areas (5 acres) or greater with (1) or less vertical structures that do not contribute materially (7% or less) to value. Properties with 5 acres or less with a dwelling that contributes materially to value should use a residential appraisal or other evaluation product. Farming operations with (2) or more buildings and 5 acres or more of land would utilize a land and buildings evaluation. Either option will have an impact on the type of report used.

• What would be the best way to proceed with completing evaluation efficiently?
  Answer

  First, gather publicly available information (i.e., RE tax cards), and second gather other appropriate client data, ownership, sales history/listings, and operating history. Third, have property inspected, pictures and inspection report completed. Fourth, consider pertinent comparable sales data from appraisal files, assessors, brokers other market participants to complete sales comparison approach.

• Does every section need to be filled out?
  Answer

  No, however units of comparison and acreage does. If there are no vertical improvements, it would be appropriate to say none. If the subject property is an operating farm where soil suitable ratings are not a factor in pricing that could be excluded. On inspection form, there may be cases where either farm building or residential descriptions are not completed.

• How often should I save my work?
  Answer

  After each page is completed. There may be several steps in preparing evaluation so evaluation work can be saved in process. All input work can be reviewed by either using the preview function or the download function. In either case, there will be a watermark over the center of the report. Income information will update after cap rates are entered and saved.

• Can I make changes after I finalize a report?
  Answer

  No. Once finalized, the report cannot be amended, and it will count as a utilized report. Once the report is finalized the watermark will disappear.

• Is a report retrievable?
  Answer

  Yes, as long as log in information is provided.

• Is an inspection necessary?
  Answer

  If the property has improvements an accurate description of the improvements is a FIRREA requirement. Rather, as allowed by USPAP, an appraiser can determine the characteristics of a property through, among other things, any combination of property inspection, asset records, photographs, property sketches and other recorded media. The OCC published on April 14, 2020, an Interagency Statement on appraisals and Evaluations for Real Estate Related Transactions Affected by the Coronavirus. This document provides some flexibility on property inspections. If agricultural land has more than one tract, than continuity of tracts or physical access will impact merchantability and value of land. Any inspection waivers should be discussed with the financial institution leveraging the collateral.

• Are there any fields that are mandatory?
  Answer

  Yes, unit of comparison, Gross Acres and signature when finalized.

• What would cause the contents of a report not to be saved?
  Answer

  On occasion, entering wrong data type may cause information not to be saved. For example, if text is added in a numeric field results may not be saved. If the content extends beyond the field area for example in sales comparison approach in documentation section if input extends beyond area, this can create an input error and it will not save information.

• How is the checklist used?
  Answer

  It can be downloaded and completed separately and saved.

• How are attachments identified in the addendum saved?
  Answer

  They would be saved as separate PDF’s and then combined to represent a complete work-file.

• The identification page has a section for a cost approach, how would this be completed?
  Answer

  If you have access to an MVS guide that would be the best source for completion. Appraisers can be off assistance or Binner Valuations could assist in preparation for a fee.

• How do I determine which evaluation form to use?
  Answer

  Land evaluation would be properties with land areas (5 acres) or greater with (1) or less vertical structures that do not contribute materially (7% or less) to value. Properties with 5 acres or less with a dwelling that contributes materially to value should use a residential appraisal or other evaluation product. Farming operations with (2) or more buildings and 5 acres or more of land would utilize a land and buildings evaluation. Either option will have an impact on the type of report used.

• What would be the best way to proceed with completing evaluation efficiently?
  Answer

  First, gather publicly available information (i.e., RE tax cards), and second gather other appropriate client data, ownership, sales history/listings, and operating history. Third, have property inspected, pictures and inspection report completed. Fourth, consider pertinent comparable sales data from appraisal files, assessors, brokers other market participants to complete sales comparison approach.

• Does every section need to be filled out?
  Answer

  No, however units of comparison and acreage does. If there are no vertical improvements, it would be appropriate to say none. If the subject property is an operating farm where soil suitable ratings are not a factor in pricing that could be excluded. On inspection form, there may be cases where either farm building or residential descriptions are not completed.

• How often should I save my work?
  Answer

  After each page is completed. There may be several steps in preparing evaluation so evaluation work can be saved in process. All input work can be reviewed by either using the preview function or the download function. In either case, there will be a watermark over the center of the report. Income information will update after cap rates are entered and saved.

• Can I make changes after I finalize a report?
  Answer

  No. Once finalized, the report cannot be amended, and it will count as a utilized report. Once the report is finalized the watermark will disappear.

• Is a report retrievable?
  Answer

  Yes, as long as log in information is provided.

• Is an inspection necessary?
  Answer

  If the property has improvements an accurate description of the improvements is a FIRREA requirement. Rather, as allowed by USPAP, an appraiser can determine the characteristics of a property through, among other things, any combination of property inspection, asset records, photographs, property sketches and other recorded media. The OCC published on April 14, 2020, an Interagency Statement on appraisals and Evaluations for Real Estate Related Transactions Affected by the Coronavirus. This document provides some flexibility on property inspections. If agricultural land has more than one tract, than continuity of tracts or physical access will impact merchantability and value of land. Any inspection waivers should be discussed with the financial institution leveraging the collateral.

• Are there any fields that are mandatory?
  Answer

  Yes, unit of comparison, Gross Acres and signature when finalized.

• What would cause the contents of a report not to be saved?
  Answer

  On occasion, entering wrong data type may cause information not to be saved. For example, if text is added in a numeric field results may not be saved. If the content extends beyond the field area for example in sales comparison approach in documentation section if input extends beyond area, this can create an input error and it will not save information.

• How is the checklist used?
  Answer

  It can be downloaded and completed separately and saved.

• How are attachments identified in the addendum saved?
  Answer

  They would be saved as separate PDF’s and then combined to represent a complete work-file.

• The identification page has a section for a cost approach, how would this be completed?
  Answer

  If you have access to an MVS guide that would be the best source for completion. Appraisers can be off assistance or Binner Valuations could assist in preparation for a fee.

Billing

• What are typical forms of payment for the license?
  Answer

  Billing arrangements for all five, micro, starter, basic, professional and enterprise can be processed through credit cards as Mastercard, Visa, Discover and American Express

• How long do licenses extend to?
  Answer

  Licenses extend for the shorter of two years or the entire use of the subscription.

• What are typical forms of payment for the license?
  Answer

  Billing arrangements for all five, micro, starter, basic, professional and enterprise can be processed through credit cards as Mastercard, Visa, Discover and American Express

• How long do licenses extend to?
  Answer

  Licenses extend for the shorter of two years or the entire use of the subscription.

• What are typical forms of payment for the license?
  Answer

  Billing arrangements for all five, micro, starter, basic, professional and enterprise can be processed through credit cards as Mastercard, Visa, Discover and American Express

• How long do licenses extend to?
  Answer

  Licenses extend for the shorter of two years or the entire use of the subscription.

• What are typical forms of payment for the license?
  Answer

  Billing arrangements for all five, micro, starter, basic, professional and enterprise can be processed through credit cards as Mastercard, Visa, Discover and American Express

• How long do licenses extend to?
  Answer

  Licenses extend for the shorter of two years or the entire use of the subscription.

• What are typical forms of payment for the license?
  Answer

  Billing arrangements for all five, micro, starter, basic, professional and enterprise can be processed through credit cards as Mastercard, Visa, Discover and American Express

• How long do licenses extend to?
  Answer

  Licenses extend for the shorter of two years or the entire use of the subscription.

• What are typical forms of payment for the license?
  Answer

  Billing arrangements for all five, micro, starter, basic, professional and enterprise can be processed through credit cards as Mastercard, Visa, Discover and American Express

• How long do licenses extend to?
  Answer

  Licenses extend for the shorter of two years or the entire use of the subscription.

• What are typical forms of payment for the license?
  Answer

  Billing arrangements for all five, micro, starter, basic, professional and enterprise can be processed through credit cards as Mastercard, Visa, Discover and American Express

• How long do licenses extend to?
  Answer

  Licenses extend for the shorter of two years or the entire use of the subscription.

• What are typical forms of payment for the license?
  Answer

  Billing arrangements for all five, micro, starter, basic, professional and enterprise can be processed through credit cards as Mastercard, Visa, Discover and American Express

• How long do licenses extend to?
  Answer

  Licenses extend for the shorter of two years or the entire use of the subscription.

• What are typical forms of payment for the license?
  Answer

  Billing arrangements for all five, micro, starter, basic, professional and enterprise can be processed through credit cards as Mastercard, Visa, Discover and American Express

• How long do licenses extend to?
  Answer

  Licenses extend for the shorter of two years or the entire use of the subscription.

• What are typical forms of payment for the license?
  Answer

  Billing arrangements for all five, micro, starter, basic, professional and enterprise can be processed through credit cards as Mastercard, Visa, Discover and American Express

• How long do licenses extend to?
  Answer

  Licenses extend for the shorter of two years or the entire use of the subscription.

• What are typical forms of payment for the license?
  Answer

  Billing arrangements for all five, micro, starter, basic, professional and enterprise can be processed through credit cards as Mastercard, Visa, Discover and American Express

• How long do licenses extend to?
  Answer

  Licenses extend for the shorter of two years or the entire use of the subscription.

• What are typical forms of payment for the license?
  Answer

  Billing arrangements for all five, micro, starter, basic, professional and enterprise can be processed through credit cards as Mastercard, Visa, Discover and American Express

• How long do licenses extend to?
  Answer

  Licenses extend for the shorter of two years or the entire use of the subscription.

• What are typical forms of payment for the license?
  Answer

  Billing arrangements for all five, micro, starter, basic, professional and enterprise can be processed through credit cards as Mastercard, Visa, Discover and American Express

• How long do licenses extend to?
  Answer

  Licenses extend for the shorter of two years or the entire use of the subscription.

• What are typical forms of payment for the license?
  Answer

  Billing arrangements for all five, micro, starter, basic, professional and enterprise can be processed through credit cards as Mastercard, Visa, Discover and American Express

• How long do licenses extend to?
  Answer

  Licenses extend for the shorter of two years or the entire use of the subscription.

• What are typical forms of payment for the license?
  Answer

  Billing arrangements for all five, micro, starter, basic, professional and enterprise can be processed through credit cards as Mastercard, Visa, Discover and American Express

• How long do licenses extend to?
  Answer

  Licenses extend for the shorter of two years or the entire use of the subscription.

• What are typical forms of payment for the license?
  Answer

  Billing arrangements for all five, micro, starter, basic, professional and enterprise can be processed through credit cards as Mastercard, Visa, Discover and American Express

• How long do licenses extend to?
  Answer

  Licenses extend for the shorter of two years or the entire use of the subscription.

• What are typical forms of payment for the license?
  Answer

  Billing arrangements for all five, micro, starter, basic, professional and enterprise can be processed through credit cards as Mastercard, Visa, Discover and American Express

• How long do licenses extend to?
  Answer

  Licenses extend for the shorter of two years or the entire use of the subscription.

• What are typical forms of payment for the license?
  Answer

  Billing arrangements for all five, micro, starter, basic, professional and enterprise can be processed through credit cards as Mastercard, Visa, Discover and American Express

• How long do licenses extend to?
  Answer

  Licenses extend for the shorter of two years or the entire use of the subscription.

• What are typical forms of payment for the license?
  Answer

  Billing arrangements for all five, micro, starter, basic, professional and enterprise can be processed through credit cards as Mastercard, Visa, Discover and American Express

• How long do licenses extend to?
  Answer

  Licenses extend for the shorter of two years or the entire use of the subscription.

• What are typical forms of payment for the license?
  Answer

  Billing arrangements for all five, micro, starter, basic, professional and enterprise can be processed through credit cards as Mastercard, Visa, Discover and American Express

• How long do licenses extend to?
  Answer

  Licenses extend for the shorter of two years or the entire use of the subscription.

• What are typical forms of payment for the license?
  Answer

  Billing arrangements for all five, micro, starter, basic, professional and enterprise can be processed through credit cards as Mastercard, Visa, Discover and American Express

• How long do licenses extend to?
  Answer

  Licenses extend for the shorter of two years or the entire use of the subscription.

• What are typical forms of payment for the license?
  Answer

  Billing arrangements for all five, micro, starter, basic, professional and enterprise can be processed through credit cards as Mastercard, Visa, Discover and American Express

• How long do licenses extend to?
  Answer

  Licenses extend for the shorter of two years or the entire use of the subscription.

• What are typical forms of payment for the license?
  Answer

  Billing arrangements for all five, micro, starter, basic, professional and enterprise can be processed through credit cards as Mastercard, Visa, Discover and American Express

• How long do licenses extend to?
  Answer

  Licenses extend for the shorter of two years or the entire use of the subscription.

• What are typical forms of payment for the license?
  Answer

  Billing arrangements for all five, micro, starter, basic, professional and enterprise can be processed through credit cards as Mastercard, Visa, Discover and American Express

• How long do licenses extend to?
  Answer

  Licenses extend for the shorter of two years or the entire use of the subscription.

• What are typical forms of payment for the license?
  Answer

  Billing arrangements for all five, micro, starter, basic, professional and enterprise can be processed through credit cards as Mastercard, Visa, Discover and American Express

• How long do licenses extend to?
  Answer

  Licenses extend for the shorter of two years or the entire use of the subscription.

• What are typical forms of payment for the license?
  Answer

  Billing arrangements for all five, micro, starter, basic, professional and enterprise can be processed through credit cards as Mastercard, Visa, Discover and American Express

• How long do licenses extend to?
  Answer

  Licenses extend for the shorter of two years or the entire use of the subscription.

• What are typical forms of payment for the license?
  Answer

  Billing arrangements for all five, micro, starter, basic, professional and enterprise can be processed through credit cards as Mastercard, Visa, Discover and American Express

• How long do licenses extend to?
  Answer

  Licenses extend for the shorter of two years or the entire use of the subscription.

• What are typical forms of payment for the license?
  Answer

  Billing arrangements for all five, micro, starter, basic, professional and enterprise can be processed through credit cards as Mastercard, Visa, Discover and American Express

• How long do licenses extend to?
  Answer

  Licenses extend for the shorter of two years or the entire use of the subscription.

• What are typical forms of payment for the license?
  Answer

  Billing arrangements for all five, micro, starter, basic, professional and enterprise can be processed through credit cards as Mastercard, Visa, Discover and American Express

• How long do licenses extend to?
  Answer

  Licenses extend for the shorter of two years or the entire use of the subscription.

• What are typical forms of payment for the license?
  Answer

  Billing arrangements for all five, micro, starter, basic, professional and enterprise can be processed through credit cards as Mastercard, Visa, Discover and American Express

• How long do licenses extend to?
  Answer

  Licenses extend for the shorter of two years or the entire use of the subscription.

• What are typical forms of payment for the license?
  Answer

  Billing arrangements for all five, micro, starter, basic, professional and enterprise can be processed through credit cards as Mastercard, Visa, Discover and American Express

• How long do licenses extend to?
  Answer

  Licenses extend for the shorter of two years or the entire use of the subscription.

• What are typical forms of payment for the license?
  Answer

  Billing arrangements for all five, micro, starter, basic, professional and enterprise can be processed through credit cards as Mastercard, Visa, Discover and American Express

• How long do licenses extend to?
  Answer

  Licenses extend for the shorter of two years or the entire use of the subscription.

• What are typical forms of payment for the license?
  Answer

  Billing arrangements for all five, micro, starter, basic, professional and enterprise can be processed through credit cards as Mastercard, Visa, Discover and American Express

• How long do licenses extend to?
  Answer

  Licenses extend for the shorter of two years or the entire use of the subscription.

• What are typical forms of payment for the license?
  Answer

  Billing arrangements for all five, micro, starter, basic, professional and enterprise can be processed through credit cards as Mastercard, Visa, Discover and American Express

• How long do licenses extend to?
  Answer

  Licenses extend for the shorter of two years or the entire use of the subscription.

• What are typical forms of payment for the license?
  Answer

  Billing arrangements for all five, micro, starter, basic, professional and enterprise can be processed through credit cards as Mastercard, Visa, Discover and American Express

• How long do licenses extend to?
  Answer

  Licenses extend for the shorter of two years or the entire use of the subscription.

Login

• How will I know if I am registered on the website?
  Answer

  After registration, you will receive an email on registration confirmation.

• How will I know if my licensing fee is accepted?
  Answer

  There will be a separate email on receipt of licensing fee

• Can other people use this product with licensee supervision?
  Answer

  Yes, A licensee acts as a license administrator and potentially have staff access to produce reports as licensee users.

• How will I know if I am registered on the website?
  Answer

  After registration, you will receive an email on registration confirmation.

• How will I know if my licensing fee is accepted?
  Answer

  There will be a separate email on receipt of licensing fee

• Can other people use this product with licensee supervision?
  Answer

  Yes, A licensee acts as a license administrator and potentially have staff access to produce reports as licensee users.

• How will I know if I am registered on the website?
  Answer

  After registration, you will receive an email on registration confirmation.

• How will I know if my licensing fee is accepted?
  Answer

  There will be a separate email on receipt of licensing fee

• Can other people use this product with licensee supervision?
  Answer

  Yes, A licensee acts as a license administrator and potentially have staff access to produce reports as licensee users.

• How will I know if I am registered on the website?
  Answer

  After registration, you will receive an email on registration confirmation.

• How will I know if my licensing fee is accepted?
  Answer

  There will be a separate email on receipt of licensing fee

• Can other people use this product with licensee supervision?
  Answer

  Yes, A licensee acts as a license administrator and potentially have staff access to produce reports as licensee users.

• How will I know if I am registered on the website?
  Answer

  After registration, you will receive an email on registration confirmation.

• How will I know if my licensing fee is accepted?
  Answer

  There will be a separate email on receipt of licensing fee

• Can other people use this product with licensee supervision?
  Answer

  Yes, A licensee acts as a license administrator and potentially have staff access to produce reports as licensee users.

• How will I know if I am registered on the website?
  Answer

  After registration, you will receive an email on registration confirmation.

• How will I know if my licensing fee is accepted?
  Answer

  There will be a separate email on receipt of licensing fee

• Can other people use this product with licensee supervision?
  Answer

  Yes, A licensee acts as a license administrator and potentially have staff access to produce reports as licensee users.

• How will I know if I am registered on the website?
  Answer

  After registration, you will receive an email on registration confirmation.

• How will I know if my licensing fee is accepted?
  Answer

  There will be a separate email on receipt of licensing fee

• Can other people use this product with licensee supervision?
  Answer

  Yes, A licensee acts as a license administrator and potentially have staff access to produce reports as licensee users.

• How will I know if I am registered on the website?
  Answer

  After registration, you will receive an email on registration confirmation.

• How will I know if my licensing fee is accepted?
  Answer

  There will be a separate email on receipt of licensing fee

• Can other people use this product with licensee supervision?
  Answer

  Yes, A licensee acts as a license administrator and potentially have staff access to produce reports as licensee users.

• How will I know if I am registered on the website?
  Answer

  After registration, you will receive an email on registration confirmation.

• How will I know if my licensing fee is accepted?
  Answer

  There will be a separate email on receipt of licensing fee

• Can other people use this product with licensee supervision?
  Answer

  Yes, A licensee acts as a license administrator and potentially have staff access to produce reports as licensee users.

• How will I know if I am registered on the website?
  Answer

  After registration, you will receive an email on registration confirmation.

• How will I know if my licensing fee is accepted?
  Answer

  There will be a separate email on receipt of licensing fee

• Can other people use this product with licensee supervision?
  Answer

  Yes, A licensee acts as a license administrator and potentially have staff access to produce reports as licensee users.

• How will I know if I am registered on the website?
  Answer

  After registration, you will receive an email on registration confirmation.

• How will I know if my licensing fee is accepted?
  Answer

  There will be a separate email on receipt of licensing fee

• Can other people use this product with licensee supervision?
  Answer

  Yes, A licensee acts as a license administrator and potentially have staff access to produce reports as licensee users.

• How will I know if I am registered on the website?
  Answer

  After registration, you will receive an email on registration confirmation.

• How will I know if my licensing fee is accepted?
  Answer

  There will be a separate email on receipt of licensing fee

• Can other people use this product with licensee supervision?
  Answer

  Yes, A licensee acts as a license administrator and potentially have staff access to produce reports as licensee users.

• How will I know if I am registered on the website?
  Answer

  After registration, you will receive an email on registration confirmation.

• How will I know if my licensing fee is accepted?
  Answer

  There will be a separate email on receipt of licensing fee

• Can other people use this product with licensee supervision?
  Answer

  Yes, A licensee acts as a license administrator and potentially have staff access to produce reports as licensee users.

• How will I know if I am registered on the website?
  Answer

  After registration, you will receive an email on registration confirmation.

• How will I know if my licensing fee is accepted?
  Answer

  There will be a separate email on receipt of licensing fee

• Can other people use this product with licensee supervision?
  Answer

  Yes, A licensee acts as a license administrator and potentially have staff access to produce reports as licensee users.

• How will I know if I am registered on the website?
  Answer

  After registration, you will receive an email on registration confirmation.

• How will I know if my licensing fee is accepted?
  Answer

  There will be a separate email on receipt of licensing fee

• Can other people use this product with licensee supervision?
  Answer

  Yes, A licensee acts as a license administrator and potentially have staff access to produce reports as licensee users.

• How will I know if I am registered on the website?
  Answer

  After registration, you will receive an email on registration confirmation.

• How will I know if my licensing fee is accepted?
  Answer

  There will be a separate email on receipt of licensing fee

• Can other people use this product with licensee supervision?
  Answer

  Yes, A licensee acts as a license administrator and potentially have staff access to produce reports as licensee users.

• How will I know if I am registered on the website?
  Answer

  After registration, you will receive an email on registration confirmation.

• How will I know if my licensing fee is accepted?
  Answer

  There will be a separate email on receipt of licensing fee

• Can other people use this product with licensee supervision?
  Answer

  Yes, A licensee acts as a license administrator and potentially have staff access to produce reports as licensee users.

• How will I know if I am registered on the website?
  Answer

  After registration, you will receive an email on registration confirmation.

• How will I know if my licensing fee is accepted?
  Answer

  There will be a separate email on receipt of licensing fee

• Can other people use this product with licensee supervision?
  Answer

  Yes, A licensee acts as a license administrator and potentially have staff access to produce reports as licensee users.

• How will I know if I am registered on the website?
  Answer

  After registration, you will receive an email on registration confirmation.

• How will I know if my licensing fee is accepted?
  Answer

  There will be a separate email on receipt of licensing fee

• Can other people use this product with licensee supervision?
  Answer

  Yes, A licensee acts as a license administrator and potentially have staff access to produce reports as licensee users.

• How will I know if I am registered on the website?
  Answer

  After registration, you will receive an email on registration confirmation.

• How will I know if my licensing fee is accepted?
  Answer

  There will be a separate email on receipt of licensing fee

• Can other people use this product with licensee supervision?
  Answer

  Yes, A licensee acts as a license administrator and potentially have staff access to produce reports as licensee users.

• How will I know if I am registered on the website?
  Answer

  After registration, you will receive an email on registration confirmation.

• How will I know if my licensing fee is accepted?
  Answer

  There will be a separate email on receipt of licensing fee

• Can other people use this product with licensee supervision?
  Answer

  Yes, A licensee acts as a license administrator and potentially have staff access to produce reports as licensee users.

• How will I know if I am registered on the website?
  Answer

  After registration, you will receive an email on registration confirmation.

• How will I know if my licensing fee is accepted?
  Answer

  There will be a separate email on receipt of licensing fee

• Can other people use this product with licensee supervision?
  Answer

  Yes, A licensee acts as a license administrator and potentially have staff access to produce reports as licensee users.

• How will I know if I am registered on the website?
  Answer

  After registration, you will receive an email on registration confirmation.

• How will I know if my licensing fee is accepted?
  Answer

  There will be a separate email on receipt of licensing fee

• Can other people use this product with licensee supervision?
  Answer

  Yes, A licensee acts as a license administrator and potentially have staff access to produce reports as licensee users.

• How will I know if I am registered on the website?
  Answer

  After registration, you will receive an email on registration confirmation.

• How will I know if my licensing fee is accepted?
  Answer

  There will be a separate email on receipt of licensing fee

• Can other people use this product with licensee supervision?
  Answer

  Yes, A licensee acts as a license administrator and potentially have staff access to produce reports as licensee users.

• How will I know if I am registered on the website?
  Answer

  After registration, you will receive an email on registration confirmation.

• How will I know if my licensing fee is accepted?
  Answer

  There will be a separate email on receipt of licensing fee

• Can other people use this product with licensee supervision?
  Answer

  Yes, A licensee acts as a license administrator and potentially have staff access to produce reports as licensee users.

• How will I know if I am registered on the website?
  Answer

  After registration, you will receive an email on registration confirmation.

• How will I know if my licensing fee is accepted?
  Answer

  There will be a separate email on receipt of licensing fee

• Can other people use this product with licensee supervision?
  Answer

  Yes, A licensee acts as a license administrator and potentially have staff access to produce reports as licensee users.

• How will I know if I am registered on the website?
  Answer

  After registration, you will receive an email on registration confirmation.

• How will I know if my licensing fee is accepted?
  Answer

  There will be a separate email on receipt of licensing fee

• Can other people use this product with licensee supervision?
  Answer

  Yes, A licensee acts as a license administrator and potentially have staff access to produce reports as licensee users.

• How will I know if I am registered on the website?
  Answer

  After registration, you will receive an email on registration confirmation.

• How will I know if my licensing fee is accepted?
  Answer

  There will be a separate email on receipt of licensing fee

• Can other people use this product with licensee supervision?
  Answer

  Yes, A licensee acts as a license administrator and potentially have staff access to produce reports as licensee users.

• How will I know if I am registered on the website?
  Answer

  After registration, you will receive an email on registration confirmation.

• How will I know if my licensing fee is accepted?
  Answer

  There will be a separate email on receipt of licensing fee

• Can other people use this product with licensee supervision?
  Answer

  Yes, A licensee acts as a license administrator and potentially have staff access to produce reports as licensee users.

• How will I know if I am registered on the website?
  Answer

  After registration, you will receive an email on registration confirmation.

• How will I know if my licensing fee is accepted?
  Answer

  There will be a separate email on receipt of licensing fee

• Can other people use this product with licensee supervision?
  Answer

  Yes, A licensee acts as a license administrator and potentially have staff access to produce reports as licensee users.

• How will I know if I am registered on the website?
  Answer

  After registration, you will receive an email on registration confirmation.

• How will I know if my licensing fee is accepted?
  Answer

  There will be a separate email on receipt of licensing fee

• Can other people use this product with licensee supervision?
  Answer

  Yes, A licensee acts as a license administrator and potentially have staff access to produce reports as licensee users.

• How will I know if I am registered on the website?
  Answer

  After registration, you will receive an email on registration confirmation.

• How will I know if my licensing fee is accepted?
  Answer

  There will be a separate email on receipt of licensing fee

• Can other people use this product with licensee supervision?
  Answer

  Yes, A licensee acts as a license administrator and potentially have staff access to produce reports as licensee users.

• How will I know if I am registered on the website?
  Answer

  After registration, you will receive an email on registration confirmation.

• How will I know if my licensing fee is accepted?
  Answer

  There will be a separate email on receipt of licensing fee

• Can other people use this product with licensee supervision?
  Answer

  Yes, A licensee acts as a license administrator and potentially have staff access to produce reports as licensee users.

• How will I know if I am registered on the website?
  Answer

  After registration, you will receive an email on registration confirmation.

• How will I know if my licensing fee is accepted?
  Answer

  There will be a separate email on receipt of licensing fee

• Can other people use this product with licensee supervision?
  Answer

  Yes, A licensee acts as a license administrator and potentially have staff access to produce reports as licensee users.

• How will I know if I am registered on the website?
  Answer

  After registration, you will receive an email on registration confirmation.

• How will I know if my licensing fee is accepted?
  Answer

  There will be a separate email on receipt of licensing fee

• Can other people use this product with licensee supervision?
  Answer

  Yes, A licensee acts as a license administrator and potentially have staff access to produce reports as licensee users.

Users

• Is there a hierarchy of users?
  Answer

  There are two different types of users. One is an administrative user that has control of the overall license. The administrator will have a slightly different dashboard, can review open / review reports, and refill the licensing fee. Second, there is an Authorized User that is delegated from administrative user. This delegated Authorized User has the ability to open, create and finalize reports.

• Is there a hierarchy of users?
  Answer

  There are two different types of users. One is an administrative user that has control of the overall license. The administrator will have a slightly different dashboard, can review open / review reports, and refill the licensing fee. Second, there is an Authorized User that is delegated from administrative user. This delegated Authorized User has the ability to open, create and finalize reports.

• Is there a hierarchy of users?
  Answer

  There are two different types of users. One is an administrative user that has control of the overall license. The administrator will have a slightly different dashboard, can review open / review reports, and refill the licensing fee. Second, there is an Authorized User that is delegated from administrative user. This delegated Authorized User has the ability to open, create and finalize reports.

• Is there a hierarchy of users?
  Answer

  There are two different types of users. One is an administrative user that has control of the overall license. The administrator will have a slightly different dashboard, can review open / review reports, and refill the licensing fee. Second, there is an Authorized User that is delegated from administrative user. This delegated Authorized User has the ability to open, create and finalize reports.

• Is there a hierarchy of users?
  Answer

  There are two different types of users. One is an administrative user that has control of the overall license. The administrator will have a slightly different dashboard, can review open / review reports, and refill the licensing fee. Second, there is an Authorized User that is delegated from administrative user. This delegated Authorized User has the ability to open, create and finalize reports.

• Is there a hierarchy of users?
  Answer

  There are two different types of users. One is an administrative user that has control of the overall license. The administrator will have a slightly different dashboard, can review open / review reports, and refill the licensing fee. Second, there is an Authorized User that is delegated from administrative user. This delegated Authorized User has the ability to open, create and finalize reports.

• Is there a hierarchy of users?
  Answer

  There are two different types of users. One is an administrative user that has control of the overall license. The administrator will have a slightly different dashboard, can review open / review reports, and refill the licensing fee. Second, there is an Authorized User that is delegated from administrative user. This delegated Authorized User has the ability to open, create and finalize reports.

• Is there a hierarchy of users?
  Answer

  There are two different types of users. One is an administrative user that has control of the overall license. The administrator will have a slightly different dashboard, can review open / review reports, and refill the licensing fee. Second, there is an Authorized User that is delegated from administrative user. This delegated Authorized User has the ability to open, create and finalize reports.

• Is there a hierarchy of users?
  Answer

  There are two different types of users. One is an administrative user that has control of the overall license. The administrator will have a slightly different dashboard, can review open / review reports, and refill the licensing fee. Second, there is an Authorized User that is delegated from administrative user. This delegated Authorized User has the ability to open, create and finalize reports.

• Is there a hierarchy of users?
  Answer

  There are two different types of users. One is an administrative user that has control of the overall license. The administrator will have a slightly different dashboard, can review open / review reports, and refill the licensing fee. Second, there is an Authorized User that is delegated from administrative user. This delegated Authorized User has the ability to open, create and finalize reports.

• Is there a hierarchy of users?
  Answer

  There are two different types of users. One is an administrative user that has control of the overall license. The administrator will have a slightly different dashboard, can review open / review reports, and refill the licensing fee. Second, there is an Authorized User that is delegated from administrative user. This delegated Authorized User has the ability to open, create and finalize reports.

• Is there a hierarchy of users?
  Answer

  There are two different types of users. One is an administrative user that has control of the overall license. The administrator will have a slightly different dashboard, can review open / review reports, and refill the licensing fee. Second, there is an Authorized User that is delegated from administrative user. This delegated Authorized User has the ability to open, create and finalize reports.

• Is there a hierarchy of users?
  Answer

  There are two different types of users. One is an administrative user that has control of the overall license. The administrator will have a slightly different dashboard, can review open / review reports, and refill the licensing fee. Second, there is an Authorized User that is delegated from administrative user. This delegated Authorized User has the ability to open, create and finalize reports.

• Is there a hierarchy of users?
  Answer

  There are two different types of users. One is an administrative user that has control of the overall license. The administrator will have a slightly different dashboard, can review open / review reports, and refill the licensing fee. Second, there is an Authorized User that is delegated from administrative user. This delegated Authorized User has the ability to open, create and finalize reports.

• Is there a hierarchy of users?
  Answer

  There are two different types of users. One is an administrative user that has control of the overall license. The administrator will have a slightly different dashboard, can review open / review reports, and refill the licensing fee. Second, there is an Authorized User that is delegated from administrative user. This delegated Authorized User has the ability to open, create and finalize reports.

• Is there a hierarchy of users?
  Answer

  There are two different types of users. One is an administrative user that has control of the overall license. The administrator will have a slightly different dashboard, can review open / review reports, and refill the licensing fee. Second, there is an Authorized User that is delegated from administrative user. This delegated Authorized User has the ability to open, create and finalize reports.

• Is there a hierarchy of users?
  Answer

  There are two different types of users. One is an administrative user that has control of the overall license. The administrator will have a slightly different dashboard, can review open / review reports, and refill the licensing fee. Second, there is an Authorized User that is delegated from administrative user. This delegated Authorized User has the ability to open, create and finalize reports.

• Is there a hierarchy of users?
  Answer

  There are two different types of users. One is an administrative user that has control of the overall license. The administrator will have a slightly different dashboard, can review open / review reports, and refill the licensing fee. Second, there is an Authorized User that is delegated from administrative user. This delegated Authorized User has the ability to open, create and finalize reports.

• Is there a hierarchy of users?
  Answer

  There are two different types of users. One is an administrative user that has control of the overall license. The administrator will have a slightly different dashboard, can review open / review reports, and refill the licensing fee. Second, there is an Authorized User that is delegated from administrative user. This delegated Authorized User has the ability to open, create and finalize reports.

• Is there a hierarchy of users?
  Answer

  There are two different types of users. One is an administrative user that has control of the overall license. The administrator will have a slightly different dashboard, can review open / review reports, and refill the licensing fee. Second, there is an Authorized User that is delegated from administrative user. This delegated Authorized User has the ability to open, create and finalize reports.

• Is there a hierarchy of users?
  Answer

  There are two different types of users. One is an administrative user that has control of the overall license. The administrator will have a slightly different dashboard, can review open / review reports, and refill the licensing fee. Second, there is an Authorized User that is delegated from administrative user. This delegated Authorized User has the ability to open, create and finalize reports.

• Is there a hierarchy of users?
  Answer

  There are two different types of users. One is an administrative user that has control of the overall license. The administrator will have a slightly different dashboard, can review open / review reports, and refill the licensing fee. Second, there is an Authorized User that is delegated from administrative user. This delegated Authorized User has the ability to open, create and finalize reports.

• Is there a hierarchy of users?
  Answer

  There are two different types of users. One is an administrative user that has control of the overall license. The administrator will have a slightly different dashboard, can review open / review reports, and refill the licensing fee. Second, there is an Authorized User that is delegated from administrative user. This delegated Authorized User has the ability to open, create and finalize reports.

• Is there a hierarchy of users?
  Answer

  There are two different types of users. One is an administrative user that has control of the overall license. The administrator will have a slightly different dashboard, can review open / review reports, and refill the licensing fee. Second, there is an Authorized User that is delegated from administrative user. This delegated Authorized User has the ability to open, create and finalize reports.

• Is there a hierarchy of users?
  Answer

  There are two different types of users. One is an administrative user that has control of the overall license. The administrator will have a slightly different dashboard, can review open / review reports, and refill the licensing fee. Second, there is an Authorized User that is delegated from administrative user. This delegated Authorized User has the ability to open, create and finalize reports.

• Is there a hierarchy of users?
  Answer

  There are two different types of users. One is an administrative user that has control of the overall license. The administrator will have a slightly different dashboard, can review open / review reports, and refill the licensing fee. Second, there is an Authorized User that is delegated from administrative user. This delegated Authorized User has the ability to open, create and finalize reports.

• Is there a hierarchy of users?
  Answer

  There are two different types of users. One is an administrative user that has control of the overall license. The administrator will have a slightly different dashboard, can review open / review reports, and refill the licensing fee. Second, there is an Authorized User that is delegated from administrative user. This delegated Authorized User has the ability to open, create and finalize reports.

• Is there a hierarchy of users?
  Answer

  There are two different types of users. One is an administrative user that has control of the overall license. The administrator will have a slightly different dashboard, can review open / review reports, and refill the licensing fee. Second, there is an Authorized User that is delegated from administrative user. This delegated Authorized User has the ability to open, create and finalize reports.

• Is there a hierarchy of users?
  Answer

  There are two different types of users. One is an administrative user that has control of the overall license. The administrator will have a slightly different dashboard, can review open / review reports, and refill the licensing fee. Second, there is an Authorized User that is delegated from administrative user. This delegated Authorized User has the ability to open, create and finalize reports.

• Is there a hierarchy of users?
  Answer

  There are two different types of users. One is an administrative user that has control of the overall license. The administrator will have a slightly different dashboard, can review open / review reports, and refill the licensing fee. Second, there is an Authorized User that is delegated from administrative user. This delegated Authorized User has the ability to open, create and finalize reports.

• Is there a hierarchy of users?
  Answer

  There are two different types of users. One is an administrative user that has control of the overall license. The administrator will have a slightly different dashboard, can review open / review reports, and refill the licensing fee. Second, there is an Authorized User that is delegated from administrative user. This delegated Authorized User has the ability to open, create and finalize reports.

• Is there a hierarchy of users?
  Answer

  There are two different types of users. One is an administrative user that has control of the overall license. The administrator will have a slightly different dashboard, can review open / review reports, and refill the licensing fee. Second, there is an Authorized User that is delegated from administrative user. This delegated Authorized User has the ability to open, create and finalize reports.

• Is there a hierarchy of users?
  Answer

  There are two different types of users. One is an administrative user that has control of the overall license. The administrator will have a slightly different dashboard, can review open / review reports, and refill the licensing fee. Second, there is an Authorized User that is delegated from administrative user. This delegated Authorized User has the ability to open, create and finalize reports.

• Is there a hierarchy of users?
  Answer

  There are two different types of users. One is an administrative user that has control of the overall license. The administrator will have a slightly different dashboard, can review open / review reports, and refill the licensing fee. Second, there is an Authorized User that is delegated from administrative user. This delegated Authorized User has the ability to open, create and finalize reports.

• Is there a hierarchy of users?
  Answer

  There are two different types of users. One is an administrative user that has control of the overall license. The administrator will have a slightly different dashboard, can review open / review reports, and refill the licensing fee. Second, there is an Authorized User that is delegated from administrative user. This delegated Authorized User has the ability to open, create and finalize reports.

Reports

• How many types of reports can be utilized?
  Answer

  There are two primary reports: evaluation and a verification of value. There are more limitations on verification of value as there would already be an appraisal in place that the lender has access to. The underlying financial institutions work-file is necessary for a report to be adequately understood.Moreover, a verification of value is an indication of value that is not less than the previous value certified by a previous appraisal or evaluation.The report meets the guidelines of an evaluation when performed by a non - certified evaluator.The verification of value would primarily be used for a refinance where there is no increase in the amount of debt and no new money.It verifies that the collateral value is not less than the primary indication of value when the initial appraisal report was issued.The evaluation report follows Firrea guidance.

• Do both reports require an inspection report to be filled out?
  Answer

  Both reports require an Inspection report to be completed. However, some of the inspection report can be initially filled out with past appraisal data and then revalidated.

• How many types of reports can be utilized?
  Answer

  There are two primary reports: evaluation and a verification of value. There are more limitations on verification of value as there would already be an appraisal in place that the lender has access to. The underlying financial institutions work-file is necessary for a report to be adequately understood.Moreover, a verification of value is an indication of value that is not less than the previous value certified by a previous appraisal or evaluation.The report meets the guidelines of an evaluation when performed by a non - certified evaluator.The verification of value would primarily be used for a refinance where there is no increase in the amount of debt and no new money.It verifies that the collateral value is not less than the primary indication of value when the initial appraisal report was issued.The evaluation report follows Firrea guidance.

• Do both reports require an inspection report to be filled out?
  Answer

  Both reports require an Inspection report to be completed. However, some of the inspection report can be initially filled out with past appraisal data and then revalidated.

• How many types of reports can be utilized?
  Answer

  There are two primary reports: evaluation and a verification of value. There are more limitations on verification of value as there would already be an appraisal in place that the lender has access to. The underlying financial institutions work-file is necessary for a report to be adequately understood.Moreover, a verification of value is an indication of value that is not less than the previous value certified by a previous appraisal or evaluation.The report meets the guidelines of an evaluation when performed by a non - certified evaluator.The verification of value would primarily be used for a refinance where there is no increase in the amount of debt and no new money.It verifies that the collateral value is not less than the primary indication of value when the initial appraisal report was issued.The evaluation report follows Firrea guidance.

• Do both reports require an inspection report to be filled out?
  Answer

  Both reports require an Inspection report to be completed. However, some of the inspection report can be initially filled out with past appraisal data and then revalidated.

• How many types of reports can be utilized?
  Answer

  There are two primary reports: evaluation and a verification of value. There are more limitations on verification of value as there would already be an appraisal in place that the lender has access to. The underlying financial institutions work-file is necessary for a report to be adequately understood.Moreover, a verification of value is an indication of value that is not less than the previous value certified by a previous appraisal or evaluation.The report meets the guidelines of an evaluation when performed by a non - certified evaluator.The verification of value would primarily be used for a refinance where there is no increase in the amount of debt and no new money.It verifies that the collateral value is not less than the primary indication of value when the initial appraisal report was issued.The evaluation report follows Firrea guidance.

• Do both reports require an inspection report to be filled out?
  Answer

  Both reports require an Inspection report to be completed. However, some of the inspection report can be initially filled out with past appraisal data and then revalidated.

• How many types of reports can be utilized?
  Answer

  There are two primary reports: evaluation and a verification of value. There are more limitations on verification of value as there would already be an appraisal in place that the lender has access to. The underlying financial institutions work-file is necessary for a report to be adequately understood.Moreover, a verification of value is an indication of value that is not less than the previous value certified by a previous appraisal or evaluation.The report meets the guidelines of an evaluation when performed by a non - certified evaluator.The verification of value would primarily be used for a refinance where there is no increase in the amount of debt and no new money.It verifies that the collateral value is not less than the primary indication of value when the initial appraisal report was issued.The evaluation report follows Firrea guidance.

• Do both reports require an inspection report to be filled out?
  Answer

  Both reports require an Inspection report to be completed. However, some of the inspection report can be initially filled out with past appraisal data and then revalidated.

• How many types of reports can be utilized?
  Answer

  There are two primary reports: evaluation and a verification of value. There are more limitations on verification of value as there would already be an appraisal in place that the lender has access to. The underlying financial institutions work-file is necessary for a report to be adequately understood.Moreover, a verification of value is an indication of value that is not less than the previous value certified by a previous appraisal or evaluation.The report meets the guidelines of an evaluation when performed by a non - certified evaluator.The verification of value would primarily be used for a refinance where there is no increase in the amount of debt and no new money.It verifies that the collateral value is not less than the primary indication of value when the initial appraisal report was issued.The evaluation report follows Firrea guidance.

• Do both reports require an inspection report to be filled out?
  Answer

  Both reports require an Inspection report to be completed. However, some of the inspection report can be initially filled out with past appraisal data and then revalidated.

• How many types of reports can be utilized?
  Answer

  There are two primary reports: evaluation and a verification of value. There are more limitations on verification of value as there would already be an appraisal in place that the lender has access to. The underlying financial institutions work-file is necessary for a report to be adequately understood.Moreover, a verification of value is an indication of value that is not less than the previous value certified by a previous appraisal or evaluation.The report meets the guidelines of an evaluation when performed by a non - certified evaluator.The verification of value would primarily be used for a refinance where there is no increase in the amount of debt and no new money.It verifies that the collateral value is not less than the primary indication of value when the initial appraisal report was issued.The evaluation report follows Firrea guidance.

• Do both reports require an inspection report to be filled out?
  Answer

  Both reports require an Inspection report to be completed. However, some of the inspection report can be initially filled out with past appraisal data and then revalidated.

• How many types of reports can be utilized?
  Answer

  There are two primary reports: evaluation and a verification of value. There are more limitations on verification of value as there would already be an appraisal in place that the lender has access to. The underlying financial institutions work-file is necessary for a report to be adequately understood.Moreover, a verification of value is an indication of value that is not less than the previous value certified by a previous appraisal or evaluation.The report meets the guidelines of an evaluation when performed by a non - certified evaluator.The verification of value would primarily be used for a refinance where there is no increase in the amount of debt and no new money.It verifies that the collateral value is not less than the primary indication of value when the initial appraisal report was issued.The evaluation report follows Firrea guidance.

• Do both reports require an inspection report to be filled out?
  Answer

  Both reports require an Inspection report to be completed. However, some of the inspection report can be initially filled out with past appraisal data and then revalidated.

• How many types of reports can be utilized?
  Answer

  There are two primary reports: evaluation and a verification of value. There are more limitations on verification of value as there would already be an appraisal in place that the lender has access to. The underlying financial institutions work-file is necessary for a report to be adequately understood.Moreover, a verification of value is an indication of value that is not less than the previous value certified by a previous appraisal or evaluation.The report meets the guidelines of an evaluation when performed by a non - certified evaluator.The verification of value would primarily be used for a refinance where there is no increase in the amount of debt and no new money.It verifies that the collateral value is not less than the primary indication of value when the initial appraisal report was issued.The evaluation report follows Firrea guidance.

• Do both reports require an inspection report to be filled out?
  Answer

  Both reports require an Inspection report to be completed. However, some of the inspection report can be initially filled out with past appraisal data and then revalidated.

• How many types of reports can be utilized?
  Answer

  There are two primary reports: evaluation and a verification of value. There are more limitations on verification of value as there would already be an appraisal in place that the lender has access to. The underlying financial institutions work-file is necessary for a report to be adequately understood.Moreover, a verification of value is an indication of value that is not less than the previous value certified by a previous appraisal or evaluation.The report meets the guidelines of an evaluation when performed by a non - certified evaluator.The verification of value would primarily be used for a refinance where there is no increase in the amount of debt and no new money.It verifies that the collateral value is not less than the primary indication of value when the initial appraisal report was issued.The evaluation report follows Firrea guidance.

• Do both reports require an inspection report to be filled out?
  Answer

  Both reports require an Inspection report to be completed. However, some of the inspection report can be initially filled out with past appraisal data and then revalidated.

• How many types of reports can be utilized?
  Answer

  There are two primary reports: evaluation and a verification of value. There are more limitations on verification of value as there would already be an appraisal in place that the lender has access to. The underlying financial institutions work-file is necessary for a report to be adequately understood.Moreover, a verification of value is an indication of value that is not less than the previous value certified by a previous appraisal or evaluation.The report meets the guidelines of an evaluation when performed by a non - certified evaluator.The verification of value would primarily be used for a refinance where there is no increase in the amount of debt and no new money.It verifies that the collateral value is not less than the primary indication of value when the initial appraisal report was issued.The evaluation report follows Firrea guidance.

• Do both reports require an inspection report to be filled out?
  Answer

  Both reports require an Inspection report to be completed. However, some of the inspection report can be initially filled out with past appraisal data and then revalidated.

• How many types of reports can be utilized?
  Answer

  There are two primary reports: evaluation and a verification of value. There are more limitations on verification of value as there would already be an appraisal in place that the lender has access to. The underlying financial institutions work-file is necessary for a report to be adequately understood.Moreover, a verification of value is an indication of value that is not less than the previous value certified by a previous appraisal or evaluation.The report meets the guidelines of an evaluation when performed by a non - certified evaluator.The verification of value would primarily be used for a refinance where there is no increase in the amount of debt and no new money.It verifies that the collateral value is not less than the primary indication of value when the initial appraisal report was issued.The evaluation report follows Firrea guidance.

• Do both reports require an inspection report to be filled out?
  Answer

  Both reports require an Inspection report to be completed. However, some of the inspection report can be initially filled out with past appraisal data and then revalidated.

• How many types of reports can be utilized?
  Answer

  There are two primary reports: evaluation and a verification of value. There are more limitations on verification of value as there would already be an appraisal in place that the lender has access to. The underlying financial institutions work-file is necessary for a report to be adequately understood.Moreover, a verification of value is an indication of value that is not less than the previous value certified by a previous appraisal or evaluation.The report meets the guidelines of an evaluation when performed by a non - certified evaluator.The verification of value would primarily be used for a refinance where there is no increase in the amount of debt and no new money.It verifies that the collateral value is not less than the primary indication of value when the initial appraisal report was issued.The evaluation report follows Firrea guidance.

• Do both reports require an inspection report to be filled out?
  Answer

  Both reports require an Inspection report to be completed. However, some of the inspection report can be initially filled out with past appraisal data and then revalidated.

• How many types of reports can be utilized?
  Answer

  There are two primary reports: evaluation and a verification of value. There are more limitations on verification of value as there would already be an appraisal in place that the lender has access to. The underlying financial institutions work-file is necessary for a report to be adequately understood.Moreover, a verification of value is an indication of value that is not less than the previous value certified by a previous appraisal or evaluation.The report meets the guidelines of an evaluation when performed by a non - certified evaluator.The verification of value would primarily be used for a refinance where there is no increase in the amount of debt and no new money.It verifies that the collateral value is not less than the primary indication of value when the initial appraisal report was issued.The evaluation report follows Firrea guidance.

• Do both reports require an inspection report to be filled out?
  Answer

  Both reports require an Inspection report to be completed. However, some of the inspection report can be initially filled out with past appraisal data and then revalidated.

• How many types of reports can be utilized?
  Answer

  There are two primary reports: evaluation and a verification of value. There are more limitations on verification of value as there would already be an appraisal in place that the lender has access to. The underlying financial institutions work-file is necessary for a report to be adequately understood.Moreover, a verification of value is an indication of value that is not less than the previous value certified by a previous appraisal or evaluation.The report meets the guidelines of an evaluation when performed by a non - certified evaluator.The verification of value would primarily be used for a refinance where there is no increase in the amount of debt and no new money.It verifies that the collateral value is not less than the primary indication of value when the initial appraisal report was issued.The evaluation report follows Firrea guidance.

• Do both reports require an inspection report to be filled out?
  Answer

  Both reports require an Inspection report to be completed. However, some of the inspection report can be initially filled out with past appraisal data and then revalidated.

• How many types of reports can be utilized?
  Answer

  There are two primary reports: evaluation and a verification of value. There are more limitations on verification of value as there would already be an appraisal in place that the lender has access to. The underlying financial institutions work-file is necessary for a report to be adequately understood.Moreover, a verification of value is an indication of value that is not less than the previous value certified by a previous appraisal or evaluation.The report meets the guidelines of an evaluation when performed by a non - certified evaluator.The verification of value would primarily be used for a refinance where there is no increase in the amount of debt and no new money.It verifies that the collateral value is not less than the primary indication of value when the initial appraisal report was issued.The evaluation report follows Firrea guidance.

• Do both reports require an inspection report to be filled out?
  Answer

  Both reports require an Inspection report to be completed. However, some of the inspection report can be initially filled out with past appraisal data and then revalidated.

• How many types of reports can be utilized?
  Answer

  There are two primary reports: evaluation and a verification of value. There are more limitations on verification of value as there would already be an appraisal in place that the lender has access to. The underlying financial institutions work-file is necessary for a report to be adequately understood.Moreover, a verification of value is an indication of value that is not less than the previous value certified by a previous appraisal or evaluation.The report meets the guidelines of an evaluation when performed by a non - certified evaluator.The verification of value would primarily be used for a refinance where there is no increase in the amount of debt and no new money.It verifies that the collateral value is not less than the primary indication of value when the initial appraisal report was issued.The evaluation report follows Firrea guidance.

• Do both reports require an inspection report to be filled out?
  Answer

  Both reports require an Inspection report to be completed. However, some of the inspection report can be initially filled out with past appraisal data and then revalidated.

• How many types of reports can be utilized?
  Answer

  There are two primary reports: evaluation and a verification of value. There are more limitations on verification of value as there would already be an appraisal in place that the lender has access to. The underlying financial institutions work-file is necessary for a report to be adequately understood.Moreover, a verification of value is an indication of value that is not less than the previous value certified by a previous appraisal or evaluation.The report meets the guidelines of an evaluation when performed by a non - certified evaluator.The verification of value would primarily be used for a refinance where there is no increase in the amount of debt and no new money.It verifies that the collateral value is not less than the primary indication of value when the initial appraisal report was issued.The evaluation report follows Firrea guidance.

• Do both reports require an inspection report to be filled out?
  Answer

  Both reports require an Inspection report to be completed. However, some of the inspection report can be initially filled out with past appraisal data and then revalidated.

• How many types of reports can be utilized?
  Answer

  There are two primary reports: evaluation and a verification of value. There are more limitations on verification of value as there would already be an appraisal in place that the lender has access to. The underlying financial institutions work-file is necessary for a report to be adequately understood.Moreover, a verification of value is an indication of value that is not less than the previous value certified by a previous appraisal or evaluation.The report meets the guidelines of an evaluation when performed by a non - certified evaluator.The verification of value would primarily be used for a refinance where there is no increase in the amount of debt and no new money.It verifies that the collateral value is not less than the primary indication of value when the initial appraisal report was issued.The evaluation report follows Firrea guidance.

• Do both reports require an inspection report to be filled out?
  Answer

  Both reports require an Inspection report to be completed. However, some of the inspection report can be initially filled out with past appraisal data and then revalidated.

• How many types of reports can be utilized?
  Answer

  There are two primary reports: evaluation and a verification of value. There are more limitations on verification of value as there would already be an appraisal in place that the lender has access to. The underlying financial institutions work-file is necessary for a report to be adequately understood.Moreover, a verification of value is an indication of value that is not less than the previous value certified by a previous appraisal or evaluation.The report meets the guidelines of an evaluation when performed by a non - certified evaluator.The verification of value would primarily be used for a refinance where there is no increase in the amount of debt and no new money.It verifies that the collateral value is not less than the primary indication of value when the initial appraisal report was issued.The evaluation report follows Firrea guidance.

• Do both reports require an inspection report to be filled out?
  Answer

  Both reports require an Inspection report to be completed. However, some of the inspection report can be initially filled out with past appraisal data and then revalidated.

• How many types of reports can be utilized?
  Answer

  There are two primary reports: evaluation and a verification of value. There are more limitations on verification of value as there would already be an appraisal in place that the lender has access to. The underlying financial institutions work-file is necessary for a report to be adequately understood.Moreover, a verification of value is an indication of value that is not less than the previous value certified by a previous appraisal or evaluation.The report meets the guidelines of an evaluation when performed by a non - certified evaluator.The verification of value would primarily be used for a refinance where there is no increase in the amount of debt and no new money.It verifies that the collateral value is not less than the primary indication of value when the initial appraisal report was issued.The evaluation report follows Firrea guidance.

• Do both reports require an inspection report to be filled out?
  Answer

  Both reports require an Inspection report to be completed. However, some of the inspection report can be initially filled out with past appraisal data and then revalidated.

• How many types of reports can be utilized?
  Answer

  There are two primary reports: evaluation and a verification of value. There are more limitations on verification of value as there would already be an appraisal in place that the lender has access to. The underlying financial institutions work-file is necessary for a report to be adequately understood.Moreover, a verification of value is an indication of value that is not less than the previous value certified by a previous appraisal or evaluation.The report meets the guidelines of an evaluation when performed by a non - certified evaluator.The verification of value would primarily be used for a refinance where there is no increase in the amount of debt and no new money.It verifies that the collateral value is not less than the primary indication of value when the initial appraisal report was issued.The evaluation report follows Firrea guidance.

• Do both reports require an inspection report to be filled out?
  Answer

  Both reports require an Inspection report to be completed. However, some of the inspection report can be initially filled out with past appraisal data and then revalidated.

• How many types of reports can be utilized?
  Answer

  There are two primary reports: evaluation and a verification of value. There are more limitations on verification of value as there would already be an appraisal in place that the lender has access to. The underlying financial institutions work-file is necessary for a report to be adequately understood.Moreover, a verification of value is an indication of value that is not less than the previous value certified by a previous appraisal or evaluation.The report meets the guidelines of an evaluation when performed by a non - certified evaluator.The verification of value would primarily be used for a refinance where there is no increase in the amount of debt and no new money.It verifies that the collateral value is not less than the primary indication of value when the initial appraisal report was issued.The evaluation report follows Firrea guidance.

• Do both reports require an inspection report to be filled out?
  Answer

  Both reports require an Inspection report to be completed. However, some of the inspection report can be initially filled out with past appraisal data and then revalidated.

• How many types of reports can be utilized?
  Answer

  There are two primary reports: evaluation and a verification of value. There are more limitations on verification of value as there would already be an appraisal in place that the lender has access to. The underlying financial institutions work-file is necessary for a report to be adequately understood.Moreover, a verification of value is an indication of value that is not less than the previous value certified by a previous appraisal or evaluation.The report meets the guidelines of an evaluation when performed by a non - certified evaluator.The verification of value would primarily be used for a refinance where there is no increase in the amount of debt and no new money.It verifies that the collateral value is not less than the primary indication of value when the initial appraisal report was issued.The evaluation report follows Firrea guidance.

• Do both reports require an inspection report to be filled out?
  Answer

  Both reports require an Inspection report to be completed. However, some of the inspection report can be initially filled out with past appraisal data and then revalidated.

• How many types of reports can be utilized?
  Answer

  There are two primary reports: evaluation and a verification of value. There are more limitations on verification of value as there would already be an appraisal in place that the lender has access to. The underlying financial institutions work-file is necessary for a report to be adequately understood.Moreover, a verification of value is an indication of value that is not less than the previous value certified by a previous appraisal or evaluation.The report meets the guidelines of an evaluation when performed by a non - certified evaluator.The verification of value would primarily be used for a refinance where there is no increase in the amount of debt and no new money.It verifies that the collateral value is not less than the primary indication of value when the initial appraisal report was issued.The evaluation report follows Firrea guidance.

• Do both reports require an inspection report to be filled out?
  Answer

  Both reports require an Inspection report to be completed. However, some of the inspection report can be initially filled out with past appraisal data and then revalidated.

• How many types of reports can be utilized?
  Answer

  There are two primary reports: evaluation and a verification of value. There are more limitations on verification of value as there would already be an appraisal in place that the lender has access to. The underlying financial institutions work-file is necessary for a report to be adequately understood.Moreover, a verification of value is an indication of value that is not less than the previous value certified by a previous appraisal or evaluation.The report meets the guidelines of an evaluation when performed by a non - certified evaluator.The verification of value would primarily be used for a refinance where there is no increase in the amount of debt and no new money.It verifies that the collateral value is not less than the primary indication of value when the initial appraisal report was issued.The evaluation report follows Firrea guidance.

• Do both reports require an inspection report to be filled out?
  Answer

  Both reports require an Inspection report to be completed. However, some of the inspection report can be initially filled out with past appraisal data and then revalidated.

• How many types of reports can be utilized?
  Answer

  There are two primary reports: evaluation and a verification of value. There are more limitations on verification of value as there would already be an appraisal in place that the lender has access to. The underlying financial institutions work-file is necessary for a report to be adequately understood.Moreover, a verification of value is an indication of value that is not less than the previous value certified by a previous appraisal or evaluation.The report meets the guidelines of an evaluation when performed by a non - certified evaluator.The verification of value would primarily be used for a refinance where there is no increase in the amount of debt and no new money.It verifies that the collateral value is not less than the primary indication of value when the initial appraisal report was issued.The evaluation report follows Firrea guidance.

• Do both reports require an inspection report to be filled out?
  Answer

  Both reports require an Inspection report to be completed. However, some of the inspection report can be initially filled out with past appraisal data and then revalidated.

• How many types of reports can be utilized?
  Answer

  There are two primary reports: evaluation and a verification of value. There are more limitations on verification of value as there would already be an appraisal in place that the lender has access to. The underlying financial institutions work-file is necessary for a report to be adequately understood.Moreover, a verification of value is an indication of value that is not less than the previous value certified by a previous appraisal or evaluation.The report meets the guidelines of an evaluation when performed by a non - certified evaluator.The verification of value would primarily be used for a refinance where there is no increase in the amount of debt and no new money.It verifies that the collateral value is not less than the primary indication of value when the initial appraisal report was issued.The evaluation report follows Firrea guidance.

• Do both reports require an inspection report to be filled out?
  Answer

  Both reports require an Inspection report to be completed. However, some of the inspection report can be initially filled out with past appraisal data and then revalidated.

• How many types of reports can be utilized?
  Answer

  There are two primary reports: evaluation and a verification of value. There are more limitations on verification of value as there would already be an appraisal in place that the lender has access to. The underlying financial institutions work-file is necessary for a report to be adequately understood.Moreover, a verification of value is an indication of value that is not less than the previous value certified by a previous appraisal or evaluation.The report meets the guidelines of an evaluation when performed by a non - certified evaluator.The verification of value would primarily be used for a refinance where there is no increase in the amount of debt and no new money.It verifies that the collateral value is not less than the primary indication of value when the initial appraisal report was issued.The evaluation report follows Firrea guidance.

• Do both reports require an inspection report to be filled out?
  Answer

  Both reports require an Inspection report to be completed. However, some of the inspection report can be initially filled out with past appraisal data and then revalidated.

• How many types of reports can be utilized?
  Answer

  There are two primary reports: evaluation and a verification of value. There are more limitations on verification of value as there would already be an appraisal in place that the lender has access to. The underlying financial institutions work-file is necessary for a report to be adequately understood.Moreover, a verification of value is an indication of value that is not less than the previous value certified by a previous appraisal or evaluation.The report meets the guidelines of an evaluation when performed by a non - certified evaluator.The verification of value would primarily be used for a refinance where there is no increase in the amount of debt and no new money.It verifies that the collateral value is not less than the primary indication of value when the initial appraisal report was issued.The evaluation report follows Firrea guidance.

• Do both reports require an inspection report to be filled out?
  Answer

  Both reports require an Inspection report to be completed. However, some of the inspection report can be initially filled out with past appraisal data and then revalidated.

• How many types of reports can be utilized?
  Answer

  There are two primary reports: evaluation and a verification of value. There are more limitations on verification of value as there would already be an appraisal in place that the lender has access to. The underlying financial institutions work-file is necessary for a report to be adequately understood.Moreover, a verification of value is an indication of value that is not less than the previous value certified by a previous appraisal or evaluation.The report meets the guidelines of an evaluation when performed by a non - certified evaluator.The verification of value would primarily be used for a refinance where there is no increase in the amount of debt and no new money.It verifies that the collateral value is not less than the primary indication of value when the initial appraisal report was issued.The evaluation report follows Firrea guidance.

• Do both reports require an inspection report to be filled out?
  Answer

  Both reports require an Inspection report to be completed. However, some of the inspection report can be initially filled out with past appraisal data and then revalidated.

• How many types of reports can be utilized?
  Answer

  There are two primary reports: evaluation and a verification of value. There are more limitations on verification of value as there would already be an appraisal in place that the lender has access to. The underlying financial institutions work-file is necessary for a report to be adequately understood.Moreover, a verification of value is an indication of value that is not less than the previous value certified by a previous appraisal or evaluation.The report meets the guidelines of an evaluation when performed by a non - certified evaluator.The verification of value would primarily be used for a refinance where there is no increase in the amount of debt and no new money.It verifies that the collateral value is not less than the primary indication of value when the initial appraisal report was issued.The evaluation report follows Firrea guidance.

• Do both reports require an inspection report to be filled out?
  Answer

  Both reports require an Inspection report to be completed. However, some of the inspection report can be initially filled out with past appraisal data and then revalidated.

• How many types of reports can be utilized?
  Answer

  There are two primary reports: evaluation and a verification of value. There are more limitations on verification of value as there would already be an appraisal in place that the lender has access to. The underlying financial institutions work-file is necessary for a report to be adequately understood.Moreover, a verification of value is an indication of value that is not less than the previous value certified by a previous appraisal or evaluation.The report meets the guidelines of an evaluation when performed by a non - certified evaluator.The verification of value would primarily be used for a refinance where there is no increase in the amount of debt and no new money.It verifies that the collateral value is not less than the primary indication of value when the initial appraisal report was issued.The evaluation report follows Firrea guidance.

• Do both reports require an inspection report to be filled out?
  Answer

  Both reports require an Inspection report to be completed. However, some of the inspection report can be initially filled out with past appraisal data and then revalidated.

• How many types of reports can be utilized?
  Answer

  There are two primary reports: evaluation and a verification of value. There are more limitations on verification of value as there would already be an appraisal in place that the lender has access to. The underlying financial institutions work-file is necessary for a report to be adequately understood.Moreover, a verification of value is an indication of value that is not less than the previous value certified by a previous appraisal or evaluation.The report meets the guidelines of an evaluation when performed by a non - certified evaluator.The verification of value would primarily be used for a refinance where there is no increase in the amount of debt and no new money.It verifies that the collateral value is not less than the primary indication of value when the initial appraisal report was issued.The evaluation report follows Firrea guidance.

• Do both reports require an inspection report to be filled out?
  Answer

  Both reports require an Inspection report to be completed. However, some of the inspection report can be initially filled out with past appraisal data and then revalidated.

• How many types of reports can be utilized?
  Answer

  There are two primary reports: evaluation and a verification of value. There are more limitations on verification of value as there would already be an appraisal in place that the lender has access to. The underlying financial institutions work-file is necessary for a report to be adequately understood.Moreover, a verification of value is an indication of value that is not less than the previous value certified by a previous appraisal or evaluation.The report meets the guidelines of an evaluation when performed by a non - certified evaluator.The verification of value would primarily be used for a refinance where there is no increase in the amount of debt and no new money.It verifies that the collateral value is not less than the primary indication of value when the initial appraisal report was issued.The evaluation report follows Firrea guidance.

• Do both reports require an inspection report to be filled out?
  Answer

  Both reports require an Inspection report to be completed. However, some of the inspection report can be initially filled out with past appraisal data and then revalidated.