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New Jersey Form of Appraisal Report Permitted for Mandatory Settlement Conference

State:
New Jersey
Control #:
NJ-SKU-0843
Format:
PDF
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Description

Form of Appraisal Report Permitted for Mandatory Settlement Conference The New Jersey Form of Appraisal Report Permitted for Mandatory Settlement Conference is a document used to provide the court or other parties with an opinion of the market value of a property in the state of New Jersey. The report is typically prepared by a licensed real estate appraiser and must adhere to the Uniform Standards of Professional Appraisal Practice (USPAP) and the USPAP Advisory Opinion 13-1. The report must include a description of the property, the appraiser's analysis and reconciliation of the data used in the appraisal process, and the appraiser's opinion of the market value of the property. The report can be used to assist in the resolution of a dispute between two parties in a Mandatory Settlement Conference. The types of New Jersey Form of Appraisal Report Permitted for Mandatory Settlement Conference includes the Restricted Appraisal Report, Summarized Appraisal Report, and Self-Contained Appraisal Report. The Restricted Appraisal Report is a concise report that provides the appraiser’s opinion of the market value of the property in question. The Summarized Appraisal Report provides a more in-depth analysis of the data used to form the appraiser’s opinion, as well as the appraiser’s opinion of the market value of the property. Finally, the Self-Contained Appraisal Report provides the most comprehensive analysis of the data used in the appraisal process and the opinion of the market value of the property.

The New Jersey Form of Appraisal Report Permitted for Mandatory Settlement Conference is a document used to provide the court or other parties with an opinion of the market value of a property in the state of New Jersey. The report is typically prepared by a licensed real estate appraiser and must adhere to the Uniform Standards of Professional Appraisal Practice (USPAP) and the USPAP Advisory Opinion 13-1. The report must include a description of the property, the appraiser's analysis and reconciliation of the data used in the appraisal process, and the appraiser's opinion of the market value of the property. The report can be used to assist in the resolution of a dispute between two parties in a Mandatory Settlement Conference. The types of New Jersey Form of Appraisal Report Permitted for Mandatory Settlement Conference includes the Restricted Appraisal Report, Summarized Appraisal Report, and Self-Contained Appraisal Report. The Restricted Appraisal Report is a concise report that provides the appraiser’s opinion of the market value of the property in question. The Summarized Appraisal Report provides a more in-depth analysis of the data used to form the appraiser’s opinion, as well as the appraiser’s opinion of the market value of the property. Finally, the Self-Contained Appraisal Report provides the most comprehensive analysis of the data used in the appraisal process and the opinion of the market value of the property.

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New Jersey Form of Appraisal Report Permitted for Mandatory Settlement Conference