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What are the six steps in the appraisal process?

Human Resources Management Step 1: Establish performance standards. Step 2: Communicate performance standards. Step 3: Measure performance. Step 4: Compare actual performance to performance standards. Step 5: Discuss the appraisal with the employee. Step 6: Implement personnel action.

What is a Form 70 appraisal?

Uniform Residential Appraisal Report Form 70 is designed to report the results of an appraisal of a 1-unit property, including a unit in a Planned Unit Development (PUD), a Detached Condominium Unit or a 1-unit property with an accessory unit. An interior and exterior inspection of the subject property is required.

What are the 7 steps of the appraisal process?

7 STEPS OF THE COMMERCIAL APPRAISAL PROCESS 7 STEPS OF THE COMMERCIAL APPRAISAL PROCESS. Identify the problem. Determine the scope of work. Collect the data. Analyze the data. Estimate the land value. Form an opinion of value. Prepare an appraisal report.

What are the six steps in a performance appraisal quizlet?

(1) establish performance standards with employees, (2) set measurable goals, (3) measure actual performance, (5) compare actual performance with standards, (5) discuss appraisals with the employee, (6) if necessary, initiate corrective action.

What is a Form 72 appraisal?

Small Residential Income Property Appraisal Report Form 72 is designed to report the results of an appraisal of a 2- to 4-unit property, including a 2- to 4-unit property in a Planned Unit Development (PUD).

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What are the 3 types of appraisal reports?

The Uniform Standards of Professional Appraisal Practice set forth the requirements for appraisal reports, which may be presented in one of three written formats: self-contained reports, summary reports, and restricted-use reports.

What is the most important step in the appraisal process?

Feedback (and a feedback session) is what matters the most in a Performance Appraisal. So be sure to pay attention to this stage.

What is a 70H appraisal?

Freddie Mac 70H. An appraisal assignment consisting of a desktop appraisal for which the scope of work includes reviewing a recent interior/exterior property data report.

What are the 8 steps in the appraisal process?

Performance Appraisals-8 Steps to a Better Process #1 Make Performance Appraisals an Ongoing Process. #2 Be Prepared. #3 Focus on the Entire Year. #4 Be Interactive. #5 Employees are Individuals. #6 Solicit Feedback from Others. #7 Performance Levels Dictate Merit Increase Levels. #8 Listen to Your Employees.

What do appraisers look for checklist?

The appraiser will look for water in the basement, plumbing problems, roof leaks, and any stains on the ceilings, floors, or walls. If there is minor water damage in your home, you may be able to take care of the problem on your own to keep your buyer from walking away from the deal.

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