
E Report Date Trainee Licensed Certified Residential Certified General License # State Expiration Date *NOTICE: The Appraisal Institute publishes this form for use by appraisers where the appraiser deems use of the form appropriate. Depending on the assignment, the appraiser may need to provide additional data, analysis and work product not called for in this form. The Appraisal Institute makes no representations, warranties or guarantees as to, and assumes no responsibility for.
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How to fill out the AI Reports 801.04 online
Filling out the AI Reports 801.04 can streamline the appraisal process for real estate properties. This guide will provide clear steps to complete the form accurately online, ensuring you meet all necessary requirements.
Follow the steps to efficiently complete the AI Reports 801.04 online.
- Press the ‘Get Form’ button to obtain the form and open it in the designated editor.
- Begin by entering the client's information in the fields provided: Client's name, Client File Number, and relevant Appraisal File Number, which are essential identifiers for the report.
- In the section labeled 'Liquidation Value Addendum', specify the subject property details including its address, city, state, and zip code.
- Read through the definition of liquidation value. Ensure your understanding of each condition listed, as these will be crucial when providing a liquidation value opinion later in the form.
- Select the anticipated market exposure period for the property, indicating whether it is less than 30 days, 60 days, 90 days, or another specified period. This selection informs the valuation approach.
- In the 'Development of Liquidation Value' section, mark the analysis methods used to assess the liquidation value. You can select options such as market value, market analysis, or statistical analysis, followed by adding any relevant comments.
- Complete the section regarding the condition of the appraisal. Indicate whether it is provided 'as is', or if it is subject to hypothetical conditions or extraordinary assumptions. Provide necessary details in the lines available.
- Enter the final liquidation value assessment in the corresponding field, ensuring you also specify the effective date of this appraisal.
- Proceed to the 'Appraisers Signatures' section. Here, appraisers will need to add their signatures, names, report dates, and license information to authenticate the document.
- Once all sections are completed, you can save changes, download, print, or share the form as necessary to finalize your documentation.
Start filling out your AI Reports 801.04 online today to streamline your appraisal process.
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