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Professional Practice Documents

The Appraisal Institute offers a number of professional practice documents and resources. 

Information noted with an asterisk (*) is available only to Appraisal Institute Members, Candidate, Practicing Affiliates and Affiliates.  Learn more about joining AI.

Common Appraisal Errors and Issues

Common Appraisal Errors and Issues, developed by the Appraisal Institute Senior Manager of Ethics and Standards and the Senior Manager of Experience Screening, discusses some of the most common errors that are found in valuation work. 

Sample Agreements for Services*

Developed by a joint member/staff project team and reviewed by outside counsel, these model engagement contracts provide examples of language that can be used for appraisal assignments. They can also easily be edited to accommodate appraisal review, appraisal consulting or other types of assignments.

Sample Certification Statements*

These sample certification statements for written appraisal, appraisal review and appraisal consulting service reports, are available for Appraisal Institute Professionals to use as one resource in developing their own Certification Statements.

Use of Designations, Emblems and Logo*

The Appraisal Institute encourages its professionals to communicate their achievement in and their commitment to the appraisal profession to their clients, peers and the public. To this end, the Appraisal Institute has created trademarked logos, designations and designation emblems - as well as specific usage standards for these marks and for any reference to the Appraisal Institute and/or membership, candidacy and affiliation.

Readressing, Reassigning, Reappraising

FAQs to help appraisers handle requests to readdress, recertify, or reassign previously prepared reports.

Privacy Issues for Appraisers

Information on the Financial Services Modernization Act, commonly referred to as the Gramm-Leach-Bliley Act (GLB), and how it has been applied to appraisers and real estate valuations.

AI Reports®

The mission of the AI Reports® initiative is to develop appraisal report formats designed by appraisers and for appraisers.

Introduction to Valuation for Financial Reporting

View the Resource List for information on valuation for financial reporting.

Market Conditions Addendum

This supplement includes Fannie Mae’s new form "Market Conditions Addendum to the Appraisal Report" (Form 1004MC), FAQs regarding the form, and the announcement outlining the changes that will be included in course and seminar materials affected by this change effective immediately.

FREE Webinar Recording: The Market Conditions Addendum Form

In the Appraisal Institute publication, Using Residential Appraisal Report Forms: URAR, Form 2055, and the Market Conditions Form, Second Edition, author Mark R. Rattermann, MAI, SRA, provides essential advice and practical tips for completing residential appraisal reports in today’s real estate market.

This reference contains line-by-line instructions for completing Fannie Mae Forms 1004 and 2055 and the new required Market Conditions Addendum (Fannie Mae Form 1004MC). It also contains innovative techniques that can be used to measure value change in any market and dozens of examples based on actual situations that practitioners are likely to encounter.
 

Federal Regulations and Commercial/Residential Appraisal Forms

 

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