Commercial Real Estate Appraisal: This is a written narrative report in compliance with applicable professional standards for the scope of work engaged for. Typically this product is requested for real estate asset valuation for purchase and sale agreements, mortgage financing, collateral evaluation, estate settlement, expert testimony, mediation/arbitration matters, condemnation, partial interest valuation, insurable value, replacement cost studies, feasibility, and marketing purposes - to name but a few. This service is usually quoted on a per assignment basis on a flat, not to exceed amount.

USPAP Appraisal Review: This is a written narrative report in compliance with USPAP Standards Rule 3 for Real Property Appraisal Review, Development and Reporting. Typically this product is requested when the client wishes to have a professional evaluation-critique done on an appraisal report to document compliance with professional, regulatory, and client documentary standards and overall reasonableness. It can also be a risk management tool to help uncover the strengths and weaknesses and/or special conditions that support the value opinion. An appraisal review assignment does not typically result in a different value opinion - however such services may be performed in compliance with USPAP if necessary and required by terms of engagement. This service can be done either on a flat fee or hourly basis.

Consulting & Advisory Services: This is a written narrative report in compliance with USPAP Standards Rules 4 & 5 for Real Property Appraisal, Consulting, Development, and Reporting. This product is typically requested when the purpose of the assignment is to develop analyses, recommendations, and/or opinions where value is not the primary issue, but would only be a part thereof. Examples of this service may include a market rent study, feasibility study, investment analysis, and a number of due diligence type functions. This service can be done either on a flat fee or hourly basis. Expert testimony and/or litigation support for arbitration/mediation purposes can also be provided on an oral reporting basis if desired. Such services are typically performed at an hourly rate.

Scope of Work: The Scope of Work in appraisal assignments typically refers to: the degree to which the property is inspected or identified; the extent of research into physical or economic factors that could affect the property; the extent of data research; and, the type and extent of analysis applied to arrive at opinions or conclusions. An acceptable Scope of Work will be measured by the expectations of the parties who are regular intended users for similar assignments, and what an appraiser's peer's actions would be in performing the same or a similar assignment. Ultimately, it is the appraiser's decision and professional responsibility to make sure the work performed is sufficient to produce credible results and provide adequate disclosure(s) in the report. Credible means "worthy of belief" and credible assignment results require support by relevant evidence and logic, to the degree necessary for the intended use.

Types of Reports: The type of reporting allowed in a given appraisal assignment is also dictated by USPAP. Written appraisal reports can only be one of the three following types: Self-Contained, Summary, or Restricted Use. The essential differences between these report types are detailed in USPAP Advisory Opinion AO11 and relate to how much detail the information is presented. These fall along the respective lines of Describe, Summarize, or State. The Restricted Use report format is intended for the client only and may not be appropriate in some circumstances, such as Federally Related Transactions.