Section Seven: Addendum
Items in the addendum should be sequenced as they appear. Some appraisers prefer to insert all of their comparable sales forms and maps in the addendum rather than within the body of the appraisal report.
Other items in the Addendum can include the appraiser’s “Certificate of Value”; “Contingent and Limiting Conditions”; “Basic Assumptions”; and his/her list of Qualifications such as educational background, work experience, professional affiliations/designations, and partial list of clientele, etc.
As stated beforehand, technical expert’s reports can be included in the Addendum or furnished by separate cover.
Form
should also be included in the Addendum if it was secured to declare personalty items that were not appraised as realty items within the appraisal report (see
).