scope of appraisal

scope of appraisal

An explanation of the work done to complete an appraisal,including physical inspection of the site and comparable properties, industry research for standard ratios, operating incomes and expenses,and other such matters.

The Complete Real Estate Encyclopedia by Denise L. Evans, JD & O. William Evans, JD. Copyright © 2007 by The McGraw-Hill Companies, Inc.
References in periodicals archive ?
The scope of appraisal works at Eridu field includes a 3D seismic survey of 983 sq km to update the extension of the field and its geological structure.
The consensus appears to be that the revision in the law will expand the scope of appraisal. Just how great that expansion will be remains to be seen.
The concept of scope of work was in the original USPAP (then called the scope of appraisal in Standards Rule 2-2f), but it was not until 2006 that the Scope of Work Rule would replace the Departure Rule.
It is absolutely crucial that the scope of appraisal be clearly defined for the appraisal panel.
The weakness of this particular example is that it basically represents a reiteration of the appraisal process, typically described elsewhere within the appraisal report; thus it is not necessary to incorporate it under the scope of appraisal heading.