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What is a 1004 Urar appraisal?

A URAR form, also known as Fannie Mae Form 1004, contains information needed to complete a full appraisal of a property using three primary approaches to determine value: cost approach, sales comparison approach and income approach.

Does ACI work with Windows 11?

ACI Report\u2122 & Report Pro\u2122 OS: Windows 10 or 11 (64bit)

What are the three types of appraisal?

In historical terms, however, appraisal practice has recognized that there are three main methods of appraisal, namely the Comparison Approach, the Income Approach, and the Cost Approach.

Does ACI work on Mac?

ACI Sky works on the latest devices with a browser and Internet connection. Mac®, Windows®, tablets and smart phones are all supported.

What are the formats of appraisal reports?

In addition to these two types of appraisals, there are three types of report formats: self-contained, summary, and restricted. Self-Contained Report. In this option, the appraiser provides all of the data and the rationale used in the development of the appraisal.

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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 ACI lighthouse?

Lighthouse translates appraisal reports created with eight different appraisal software programs into the Lighthouse standard format. Lenders can view and print Lighthouse compatible files simply by downloading the FREE Lighthouse Reader by ACI from their web site.

What is ACI report?

ACI Report\u2122 ACI is the complete real estate appraisal software solution with all the tools to run your business.

What are the two types of appraisal reports?

Summary Appraisal - A summary appraisal report summarizes the data and analyses used in the assignment. Restricted Appraisal - A restricted appraisal report simply states the conclusions of the appraisal.

What are the types of appraisal reports in real estate?

The four types are the full appraisal, exterior-only appraisal, the rental analysis, and the broker price opinion. A full appraisal is the most common type of appraisal. How the appraised value is determined is the same for all home appraisal types. The appraisal costs for each is different.

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