Ch 5 - 7: Identification of the Problem Chapters 5 - 7 Ch 5 - 7: Identification of the Problem

These 3 chapters give a lot more detail on USPAP Step 1: Identification of the Appraisal Problem Appraisers often have issues with miscommunication with the client. E.g., the client does not understand the limitations and assumptions of the opinion of value. This is why the Appraisal of Real Estate gives so much emphasis to step 1 Chapters 5, 6 and 7

Review exercises for all 3 chapters are strongly recommended You can save time by emphasizing “Key Terms” and the items set off from the text by a box. Chapters 5, 6 and 7