signing 8283 IRS appraisal form

[Cy Shuster]

Here's a message I saved from awhile back.  Appraising is a licensed profession of its own.

--Cy--

What to look for in a Professional
Personal Property Appraisal Report

With the government, courts, judges, banks, attorneys, accountants, insurance representatives
and other professionals examining more closely the personal property appraisal report, it is
important to know what to expect from a professional personal property appraisal report.

    * Here are a few points that a professional report should have:
          o A complete and accurate description of the property
          o Analysis of the factors affecting value reflecting the appraiser's research
            in accordance with the standards required by government authorities.
          o A definition of value appropriate to the type of appraisal
          o A value for the property appraised substantiated by the report analysis
          o The appraiser's qualification page
          o The appraiser's signature
          o The appraiser's statement that the appraiser does not have a financial
            interest in the property
          o You should confirm with the appraiser that the appraiser's report can be
            defended in court if needed

CERTIFIED APPRAISERS GUILD OF AMERICA
CODE OF ETHICS

   1. The Appraiser shall obtain the relevant facts relating to the subject property to
      form the final conclusion of value.
   2. All formal appraisal reports shall be in writing signed by the Appraiser.
   3. The Appraiser shall disclose any interest in the subject property and will accept
      an appraisal assignment only if the appraisal can be performed without bias.
   4. The Appraiser shall maintain the confidential nature of the appraisal report.
      The contents of the report shall not be disclosed without consent of the client
      or by court order.
   5. The fee charged by the Appraiser shall be independent of the value in the report.
   6. The Appraiser shall maintain respect for others in the appraisal profession. 



For Information on Upcoming CAGA Classes or to Enroll,
Contact the Missouri Auction School at 1-800-835-1955
for more information.  
http://www.t-na.com/auction/mas.html
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