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Reviewing appraisal reports is an essential quality-control function and today it is more important than ever. This second edition of Appraising the Appraisal provides practical instruction on the appraisal review process and helps promote greater understanding between reviewers and appraisers. Written by a seasoned professional, this useful guide describes common deficiencies in appraisal reports and offers tips for preparing careful and constructive appraisal reviews that can be applied by appraisers, lenders, and other professionals.
This new edition includes updated information on scope of work and data verification and real-world examples that highlight the qualities of both effective and ineffective appraisals. A new case study, handy checklists, and sample review forms are also provided.
About the Author
Richard C. Sorenson, MAI, reviews more than 300 commercial appraisals annually and provides appraisal consulting services for national, regional, and community banks as well as attorneys and government agencies. He has an extensive background as chief appraiser for a regional bank and is a past president of the Appraisal Institute. Sorenson has been published in several appraisal and banking journals and holds a bachelor of science degree from the University of Wisconsin. More than five decades of reviewing experiences have contributed to the writing of this book. His personal website is www.richardsorenson.com.