Section 1.2
1.2. Problem Identification. The problem identification process ensures that the appraiser identifies and understands the critical assignment elements associated with developing an appraisal for federal acquisition purposes under these Standards. Federal appraisal requirements are often different than those of private clients, and the appraiser must fully understand and comply with these requirements.
The scope of work10 must address seven critical assignment elements for each appraisal assignment:
• Client
• Intended users
• Intended use
• Type and definition of value
• Effective date
• Relevant characteristics about the subject property
• Assignment conditions