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Stipulation as to Appraisals - Minnesota

Stipulation as to Appraisals - Minnesota 2026

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The document is a stipulation agreement in a family court case regarding the appraisal of real estate owned by the parties involved in a marriage dissolution. It outlines the appointment of appraisers, procedures for determining fair market values, payment responsibilities, and the process for presenting appraisal reports in court. The parties agree to work towards stipulating values based on preliminary reports and establish guidelines for trial evidence related to real estate valuations.

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Click ‘Get Form’ to open the Stipulation as to Appraisals - Minnesota in the editor.
Begin by filling in the names of the Petitioner and Respondent at the top of the form, along with the Court File Number.
In Section 1, list the appraisers who will be appointed by the Court. Ensure you include their full names and qualifications.
For Section 2, refer to Exhibit 1 and specify the parcels of real estate that each appraiser will evaluate. This ensures clarity on which properties are being appraised.
In Section 3, indicate how fees and expenses will be handled. Clearly state who will pay initially and note any agreements regarding future division of costs.
Complete Sections 4 through 8 by detailing timelines for reports, stipulations on values, and procedures for trial evidence presentation. Make sure all parties agree on these terms.

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Got questions?

We have answers to the most popular questions from our customers. If you can't find an answer to your question, please contact us.

What guidelines must an appraiser follow?

ETHICS RULE which sets forth the requirements for integrity, impartiality, objectivity, independent judgment, and ethical conduct. RECORD KEEPING RULE which establishes the workfile requirements for appraisal and appraisal review assignments.

Do appraisers consider market conditions?

This process involves a thorough inspection of the property, considering factors such as location, condition, and recent sales of comparable properties in the area. Appraisers also take into account current market trends and the unique features of the property to arrive at a value.

What is the most common appraisal error?

The most common errors we see in appraisal and review reports have to do with certification statements. These errors are also the easiest to avoid. The key is to remain cognizant of current certification requirements.

What are the buyers rights pertaining to the appraisal?

Even though the appraisal report is ordered to help assess lender collateral risk, as the buyer, you are entitled to a copy of the report. Federal regulations require lenders to provide buyers with free copies of appraisal reports no later than three days before the loan closes.

What is a red flag on an appraisal?

Red Flag. Appraisals Data is inconsistent within the Appraisal, or is inconsistent with other underwriting data, current market conditions or comparable data. Valuation method used by the Appraiser is inconsistent with standard practices.

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What is the 4321 rule in appraisal?

4-3-2-1 Rule - Rule that states that the first 25% of depth represents 40% of the value; the second 25%, 30% of the values; the third 25%, 20% of the value; and the final 25%, 10% of the value.

How many comparables are required for an appraisal?

A minimum of three closed comparables must be reported in the sales comparison approach. Additional comparable sales may be reported to support the opinion of market value provided by the appraiser.

How close do comps have to be for appraisal?

How far out do appraisers go for comps? Ideally, appraisers will use comparable sales located within 1 mile of the subject property. However, you may have to go farther out geographically to find appropriate comp sales, especially if you work in a rural area.

Stipulation as to Appraisals - Minnesota 2026

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