Compilation of Rules and Regulations of the State of Georgia › Department 539 - RULES OF GEORGIA REAL ESTATE APPRAISERS BOARD › Chapter 539-3 - STANDARDS FOR APPRAISALS › Rule 539-3-.04 - Standards for Developing and Reporting an Evaluation Appraisal

Current through Rules and Regulations filed through June 27, 2024
(1) An "Evaluation
			 Appraisal" is defined as follows:
An appraisal which is limited in its scope and development to the
				requirements for Evaluations as set forth for a lender by a federal financial
				institutions regulatory agency and as defined in and consistent with the
				Interagency Appraisal and Evaluation Guidelines ("Evaluation Guidelines")
				promulgated by the Office of the Comptroller of the Currency, et
				al.
(2) An Evaluation
			 Appraisal may be performed for any transaction that qualifies to be performed as
			 an Evaluation under the Interagency Appraisal and Evaluation Guidelines
			 ("Evaluation Guidelines") promulgated by the Office of the Comptroller of the
			 Currency, et al.
(3) Development and
			 Content of Evaluation Appraisals:
At a minimum, the development and content of an Evaluation
				Appraisal shall comply with the guidelines set forth in the Interagency Appraisal
				and Evaluation Guidelines ("Evaluation Guidelines") promulgated by the Office of
				the Comptroller of the Currency, et al.
(4)
Certification.
The Evaluation
			 Appraisal report shall include the following items in language substantially
			 similar to the following: I certify that, to the best of my knowledge and belief:
- the statements of fact contained in this report are true and
				correct.
- the reported analyses, opinions, and conclusions are limited
				only by the reported assumptions and limiting conditions, and are my personal,
				unbiased professional analyses, opinions, and conclusions.
- I have no (or the specified) present or prospective interest in
				the property that is the subject of this report, and I have no (or the specified)
				personal interest or bias with respect to the parties involved.
- I have no bias with respect to the property that is the subject
				of this report or to the parties involved in this assignment.
- my engagement in this assignment or in any future assignment is
				not contingent upon developing or reporting predetermined results.
- my compensation is not contingent upon the reporting of a
				predetermined value or direction in value that favors the cause of the client,
				the amount of the value estimate, the attainment of a stipulated result, or the
				occurrence of a subsequent event.
- my analyses, opinions, and conclusions were developed, and this
				report has been prepared, in conformity with the Georgia Real Estate Appraiser
				Classification and Regulation Act and the Rules and Regulations of the Georgia
				Real Estate Appraisers Board.
- I have (or have not) made a personal inspection of the property
				that is the subject of this report. (If more than one person signs the report,
				this certification must clearly specify which individuals did and which
				individuals did not make a personal inspection of the appraised property.)
- no one provided significant professional assistance to the
				person signing this report. (If there are exceptions, the name of each individual
				providing significant professional assistance must be stated and the professional
				assistance provided must be disclosed.)
O.C.G.A. §§
										43-39A-13,  43-39A-18.