What order do you put your 1004 in?

[Tres Kirkland]

Invoice
Cover page w/ photo
URAR
Additional Comps
Listings
Addendum (if needed)
1004MC
Sketch
Plat
Neighborhood map
Location/comp map
Subject exterior photos
Subject interior photos
Comparable photos
Listing photos
License
E&O

 

[residentialguy]

Hey Tres,

I noticed you put your E&O insurance on your reports. I stopped doing that.
Take a look at this

http://www.appraiserlawblog.com/2009/11/should-i-attach-my-e-declarations-page.html

 

[MN Mark]

I shouldn't be, but I'm surprised to see that most have the invoice in front. I'm surprised because of reports that I've done field reviews on. Some clients just email me the entire original PDF, and it seems like more often than not, the invoice is at the back. It always puzzled me why someone would put the most important attachment last.

I see also that most put their license at the back. I've always figured before I present my report, I ought to inform the reader why I'm qualified to complete it.


Invoice
Title Page
Letter of Transmittal
Resume'
License
Pg. 1-8 (in order)
Comments Addendum (including CYA, etc.)
1004MC
REO Addendum (if applicable)
Subject Photos
Comps 1,2,3 Photos
Comps 4,5,6 Photos
Comps 7,8,9 Photos (as applicable)
Listing Comps Photos
Subject Detached structures and/or view photos (as applicable)
Subject interior photos
Subject repair photos (as applicable)
Sketch
Location Map

 

[Michigan CG]

..........I see also that most put their license at the back. I've always figured before I present my report, I ought to inform the reader why I'm qualified to complete it.


Invoice
Title Page
Letter of Transmittal
Resume'
License
.....................

I do not put my license or E & O in my reports, commercial or residential. For 2010 I think I am going to include a recent assignments list in all reports.

Many appraisers do this, but resumes and qualifications go in the end of the report 99% of the time in commercial appraisals. I see very few reports from residential appraisers with resumes or work summaries.

 

[MN Mark]

..... resumes and qualifications go in the end of the report 99% of the time in commercial appraisals.

More like bibliography material then?

I know I wouldn't want to sit through a speech, only to get to the end and someone asks the speaker, "so you have quite a lot of experience in this field?", and the speaker replies, "no, but I did stay at a Holiday Inn Express last night." I also think about books with a forward outlining why the author is qualified to write about the subject.

Not saying mine is the right approach, clearly I'm in the minority, but that's my reasoning for having the resume'/license before the body of the report.

 

[Greenback]

Cover page
Letter of transmittal
Table of contents
Salient features

USPAP/FIRREA Addendum (1 page; provides the use, purpose, users, scope of work, personal property, expsoure time, certification and limiting conditions)

URAR 1004 - 6 pages
1004 MC
Environmental Addendum - two pages
Highest and Best Use
Multi-purpose supplemental addendum - two pages

Sketch
Deferred maintenance addendum (if applicable)
Six photographs on one page (subject)
Six photographs on one page (subject)
Six photographs on one page (subject)
Comparable Property Photos (1-3)
MLX photos of the comparable properties (two pages, if applicable)

Location Map #1
Location Map #2
Survey (if available)
Ownership map
Zoning Map (if not; zoning addendum!)
Political census map (sometimes 3 maps on one page)
FEMA flood map
Soil map (if applicable)
Aerial view map
Economic neighborhood boundary map
Comparable sales map
Purchase contract - 6 pages (if available)

Appraiser Trainee icense
Appraiser Trainee Qualifications - two pages
General Appraiser License
General Appraiser Qualifications - two pages
Invoice

The above is a basic outline for a residential property (on form).

 

[Michigan CG]

More like bibliography material then?

I know I wouldn't want to sit through a speech, only to get to the end and someone asks the speaker, "so you have quite a lot of experience in this field?", and the speaker replies, "no, but I did stay at a Holiday Inn Express last night." I also think about books with a forward outlining why the author is qualified to write about the subject.

Not saying mine is the right approach, clearly I'm in the minority, but that's my reasoning for having the resume'/license before the body of the report.

To each their own. You just might want to think about how the rest of the world does it.

In the commercial world many show their qualifications, but it is at the end of the report. The qualifications can be multiple pages but they are all at the end of the report. MAI reports.........have read many (100's), the qualifications are at the end of the report.

Did I mention that everyone puts them at the end? :new_smile-l:

Actually, I am just messing with you......to a point.

 

[MN Mark]

Well, again, I recognize that I am in the minority. I guess I'm just not clear on the reasoning behind putting it at the end. I mean, something other than everyone's doing it.

 

[Blueprint]

Why the cover/title/bull page with photo? Let it go res guys. Do not let Wintotal or the like, define you. It is a waste of ink, time and energy on both sides. My old office never provided a cover page and have never been questioned. Maybe why we got as much work as we did and still do. Maybe not, just be smart and remove the useless fluff anyway.

 

[Greenback]

...Why the cover/title/bull page with photo? Let it go res guys. Do not let Win total or the like, define you. It is a waste of ink, time and energy on both sides. My old office never provided a cover page and have never been questioned. Maybe why we got as much work as we did and still do. Maybe not, just be smart and remove the useless fluff anyway.

Are you are saying that a cover page is useless? If so, I completely, 120% disagree. I was taught, ever since I started writing reports in grade school, that a cover page is essential.

If someone handed me a report to read, no matter what it may be for, without a cover page, my first impression is that the author doesn't care about the presentation. I wouldn't bother to waste my time to read a report that wasn't even presented in a professional manner from the start.

Hypothetically; If I was teaching an English class and everyone of my students decided to skip the cover page, they will all fail. An Appraisal Report tells a story and I expect the story to begin with a cover page.

I've looked over some really crappy appraisal reports during my tenure as an Independent Real Estate Appraiser Trainee, but, they all had cover pages - even skippy in my area (for some reason) knows that 'cover pages' are an essential part of any type of report.

It's report "writing etiquette" to provide a cover page.

It's a good possibility the reason why we don't get much (residential) assignments from the lending industry is because we actually take the presentation of a well written, supported, Appraisal Report seriously. They may not appreciate the so-called fluff, but BY GOD we won't lower ourselves!

If sorry arse clients can't handle the so-called fluff, then they should do what they always do; find an Appraiser (skippy) who doesn't care about their reports, the story, the presentation, the professionalism, the etiquette, and respect for the profession that BY GOD deserves it.

Sincerely,