APPRAISAL REVIEWS FOR ALL DISCIPLINES OF VALUATION
REAL PROPERTY ● BUSINESS VALUATION ● MACHINERY AND TECHNICAL SERVICES ● PERSONAL PROPERTY
‘An appraisal review is an appraisal of an appraisal’
Equity Development Systems, Ltd., comprehensive appraisal reviews analyze, evaluate and report matters pertinent to the subject appraisal’s: (1) adequacy, appropriateness and credibility of the report and the proffered Opinion-of-Value, (2) applicable appraisal development and reporting standards required of the Uniform Standards of Professional Appraisal Practice (USPAP) and/or International Valuations Standards (IVS/Basel III), (3) the professional qualifications and licensing requirements of the reporting appraiser(s), (4) compliance with applicable state and U.S. Regulatory 75 FR 77450 Interagency Appraisal and Evaluation Guidelines, (5) compliance with any and all other applicable U.S. federal and/or IVS/Basel III standards and regulations that may apply all as of the Effective Date of the subject appraisal under review.
EDS pioneered the appraisal review profession and helped develop and implement the professional standards and guidelines that are in use today by professional valuers and government agencies throughout the world. Our appraisal reviews have been cited by U.S. regulators as “The measure by which all appraisal reviews should be judged” and, our appraisal review expert witness and litigation support services have allowed our clients to prevail in Billions-of-Dollars at issue in litigation.
All EDS appraisal reviews are prepared by internationally Accredited Senior Appraiser’s (ASA’s) holding professional competency that meets or exceeds the stringent new regulatory requirements of the new Interagency Appraisal and Evaluation Guidelines (U.S. 75 FR 77450 [Federal Reserve/FDIC/OCC/OTS/FRB/NCUA/Dodd-Frank]) and the Pension Protection Act of 2006 for “qualified appraiser” and “qualified appraisal” in all federally-related transactions and, in compliance with the newly enacted international Basel Accords.
The Intended Use and Scope-of-Work of the appraisal review determines its level of complexity and the cost of the report.
REAL PROPERTY (Residential / Commercial):
Real property is defined as all the interests, benefits, rights and encumbrances inherent in the ownership of physical real estate. There are several specialties in real property: urban, residential, rural, timber and ad valorem (property tax). Real property appraisal reviews include services for use in real estate acquisition and disposition, lending, insurance, estate taxes, property taxes, and eminent domain (condemnation), conservation easements, and leasehold interests.
EDS REAL PROPERTY APPRAISAL REVIEW TIERS:
Desktop / Tier I, II, III and Comprehensive Expert Witness and Litigation Support Appraisal Reviews:
A comprehensive review of an appraisal to determine the credibility of the subject appraisal and the proffered Opinion-of-Value, the qualifications of the reporting appraiser, its compliance with the Uniform Standards for Professional Appraisal Practice (USPAP), and all state and federal regulatory requirements.
Desktop / Tier I, II, III and Comprehensive Expert Witness and Litigation Support Appraisal Reviews can include but may not be limited to:
* Inspection of the interior and exterior of the subject property.
* Photographs of the front, rear and interior of the subject property.
* Examination and verification of pertinent characteristics and features of the subject property and the comparable sales, including the sales price and date of sale, through public and private data sources as of the Effective Date of the subject appraisal.
* Development and Reporting of a differing Opinion-of-Value if indicated.
* Analysis and Statement of USPAP Compliance.
* Analysis and Statement of the Subject Appraiser(s) Professional Qualifications and Competency.
* Investigation, Analysis, and Statement of the Subject Appraiser(s) Professional Licensing, and Complaints and Investigations of Wrongdoing and Disciplinary Actions taken by the State Licensing Real Estate Commission / Attorney General, and any professional appraisal associations / organization and governing body.
* Analysis and Statement of State / Territorial Administrative Regulatory Compliance.
* Analysis and Statement of allowance / acceptance of the Subject Appraisal by third-party federally regulated financial institutions.
* Analysis and Statement of the Subject Appraisal’s compliance with 75 FR 77450 Interagency Appraisal and Evaluation Guidelines.
* Analysis and Statement of the Subject Appraiser’s compliance with Treasury/IRS Circular 230 Guidelines.
* Analysis and Statement of the Subject Appraisal’s compliance with the Pension Protection Act of 2006.
Appraisal Review Expert Witness and Litigation Support Report:
* A Comprehensive Real Property Tier III Review with the detailed development of violations of professional guidelines and state and federal law. This can include formal complaint preparation and expert witness testimony.
BUSINESS VALUATION / ESOP’ / ENTERPRISE VALUE / BUSINESS INTERRUPTION / ECONOMIC DAMAGES / ASSET-BAKED SECURITIES:
EDS’ internationally accredited Business Valuation experts review appraisals of the value of businesses, business ownership interests, ESOP’s, and securities for businesses of all sizes. We also review the value of specific intangible business assets such as patents, trademarks, employment agreements, copyrights and goodwill.
MACHINERY AND TECHNICAL SERVICES:
EDS’ internationally accredited Machinery and Technical Services experts perform appraisal reviews of market or liquidation value appraisals for various purposes such as sale, acquisition, ad valorem tax, eminent domain, conservation easement, collateralization, and insurance or residual forecasting.
PERSONAL PROPERTY:
EDS’ internationally accredited Personal Property experts provide appraisal reviews of tangible, movable property that is utilitarian, collectible, decorative or a combination of the three for specific purposes such as insurance, estate tax, damage claims, donation, sale, dissolution of marriage and equitable distribution.
MULTIDISCIPLINARY APPRAISAL REVIEWS:
A comprehensive review of an appraisal involving two or more components of Real Property, Machinery and Equipment, Business Valuation, and Personal Property to determine the credibility of the subject appraisal and its Opinion(s)-of-Value(s), the qualifications of the reporting appraiser, its compliance with the Uniform Standards for Professional Appraisal Practice (USPAP), and/or International Valuation Standards (IVS) and/or Basel III Accord guidelines, and all applicable state and federal and/or international regulatory requirements. The Intended Use and Scope-of-Work of the review determines its level of complexity and the cost of the report.
