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In every appraisal assignment, valuers must identify the scope of work, which describes the extent of the appraiser’s investigation and the analysis applied to answer the client’s question about property value. The scope of work concept is fundamental to appraisal, and its proper application ensures that appraisers can provide a wide range of services and maintain flexibility in their assignments, which has become increasingly important in our rapidly changing business environment.

 

This new edition of Scope of Work addresses the evolution of the scope of work concept in the appraisal profession and the current scope of work requirements presented in the Uniform Standards of Professional Appraisal Practice (USPAP), the Appraisal Institute Standards of Valuation Practice (SVP), and the International Valuation Standards (IVS). Case studies and appraisal report templates are provided to help appraisers understand how scope of work can be applied in a variety of assignments. This valuable text can help appraisers customize their work products to successfully meet their clients’ needs while adhering to valuation standards and maintaining professional integrity.