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New "Transfer History" section allows you to discuss the prior sales history of the SUBJECT property, as USPAP requires.
NOTE: This section is specifically geared towards discussing SUBJECT history. Comparable history is NOT required by USPAP, even though there
is a common mis-perception by many that it is. If an author feels compelled to discuss comparable sales history, they can do so in the comment block just to the right.
OUse this comment block to discuss the details of the subject (or comparables if you desire) sales history, as well as any current agreement for sale and/or listing.
The GP Land form has the most extensive set of comparable adjustment calculations of any form to date. You can choose to adjust in:
a) Adj's are absolute $'s.
b) Adj's are % of S.P.
c) Adj's are $/unit (Sq. Ft. or Acres)
d) Adj's are % of $/unit (Sq. Ft. or Acres)
All appropriate field labels are dynamically updated based on your choice.
Column label will change from $ to % based on your decision on how to make adjustments.
Rights appraised now displayed and carried forward from page 1.
As with all our GP Series forms, the comparable adjustment description column has been widened for better and less abbreviated descriptions, and the adjustment amount column will allow for a million+ adjustment at a 10pt font.
5 extra lines instead of 4 like the previous land appraisal form.
Net adjustment labels are automatically totaled and displayed according to your choice of adjustment method.
Adaptive labels here will change depending on your choice of adjustment methods above.
Net & Gross % labels can be enabled or disabled on all our GP Series forms, unlike the new 1004.
An expanded comment block allows for more verbose summarization without overflowing onto an addenda.
Our simplified PUD section includes only what really matters for a general purpose assignment.
The expanded and improved "Reconciliation" section allows for better commenting, and is positioned in a logical location immediately before the end of the form.
A "Hypothetical Conditions" check box is included to indicate that the appraisal is subject to additional conditions as outlined in an addenda.
The addition of an added disclaimer about hypothetical conditions clearly indicates to the intended user that an addenda should be attached and to watch for it, helping to increase form security by making it difficult to exclude important supporting pages.
Our new "Attachments" section clearly shows the intended user what the complete appraisal report should contain, including the total number of pages and what attachments are included, helping to protect the appraiser and reduce liability.
All attachment labels are editable, allowing for complete customization on each appraisal assignment.
Our entire GP Series of forms comes in both a signature and non-signature version. The logic behind this is that USPAP does not require the
FORM to be signed, only the appraiser's certification. By offering a non-signature version we help to increase security of the form.
Clearly state the appraiser and supervisor's designation on the form.
With the check of a box, clearly indicate that you did NOT inspect the property, and that you're instead performing a desktop appraisal.