Forms that make up a typical 1004 appraisal

Discussion in 'General Appraisal Discussion' started by robo356, Jul 5, 2011.

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  1. robo356

    robo356 New Member

    0
    Jul 5, 2011
    Professional Status:
    Certified Residential Appraiser
    State:
    California
    I've been out of the business for about 3 years and am getting back in. Can someone help me with a list of the forms and addendums required for a typical single family appraisal? A lot has changed in 3 years.

    Thanks in advance,

    Rob
     
  2. Tom Woolford

    Tom Woolford Elite Member

    11
    Nov 20, 2005
    Professional Status:
    Certified Residential Appraiser
    State:
    Florida
    What ever is required by your scope of work, or whatever you feel is required to support your estimate of value, Technically, you don't even have to write a report. Probably the only significant form change is the 1004mc, but that is a supplemental standard, not required.
     
  3. Scott R Marshall

    Scott R Marshall Senior Member

    0
    Dec 14, 2006
    Professional Status:
    Certified Residential Appraiser
    State:
    New Mexico
    As for what has changed in the last 3 years, Tom is right the only real change is the 1004MC. Having said that, the list of explanations as to why you utilized a blue house instead of a green house as the subject is aquamarine in color and the fact that your fee now will be more than likely less than then when you last appraised 3 years ago or the only other shocks that you should brace your system for.
     
  4. robo356

    robo356 New Member

    0
    Jul 5, 2011
    Professional Status:
    Certified Residential Appraiser
    State:
    California
    Thanks for the replies. Speaking of fees, are AMC's bound by a fee that is "reasonable and customary" for a particular state and county or can they still look for the fastest turnaround and the lowest requested fee?

    Rob
     
  5. JamesRockford

    JamesRockford Senior Member

    0
    Oct 22, 2010
    Professional Status:
    Certified General Appraiser
    State:
    California
    Yes.........
     
  6. panappr

    panappr Senior Member

    1
    Dec 5, 2007
    Professional Status:
    Certified Residential Appraiser
    State:
    California
    You might want to check out the new UAD platform just for fun..... starts 09/01/2011. just around the corner....
     
  7. incognito

    incognito Senior Member

    0
    Jul 14, 2005
    Professional Status:
    Certified General Appraiser
    State:
    Florida
    Look up "Scope of Work". The ONLY forms that are required are those that you and your client agree are necessary..., in the agreed upon scope of work...
     
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