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 


 

  • Section 1.2.1 Client. The client is the party or parties engaging an appraiser in an as...
  • Section 1.2.2 Users. All intended users of an appraisal must be identified at t...
  • Section 1.2.3 Intended Use. The intended use of the appraisal is one of the most import...
  • Section 1.2.4 Type of Opinion. In all assignments for federal acquisitions under these ...
  • Section 1.2.5 Effective Date. The effective date of value for the assignment is depende...
  • Section 1.2.6 Relevant Characteristics of the Subject Property. The subject property is...
  • Section 1.2.7 Assignment Conditions. In developing an appraisal under these Standards, ...
  • Section 1.2.8 Scope of Work. A full understanding of the critical assignment elements d...