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Guide Notes to the Standards of Professional Practice of the Appraisal Institute

The Appraisal Institute has adopted the following Guide Notes to the Standards of Professional Practice.

The Guide Notes are not a part of the Standards of Professional Practice but provide guidance on how the standards requirements may apply to specific situations.




Guide Note 3: The Use of Form Reports for Residential Property

Guide Note 4: Reliance on Reports Prepared by Others

Guide Note 5: Appraisals of Real Estate with Related Personal Property, Business Property, or Intangible Assets

Guide Note 6: Consideration of Hazardous Substances in the Appraisal Process

Guide Note 8: Use and Applicability of Letters of Transmittal

Guide Note 10: Developing an Opinion of Market Value in the Aftermath of a Disaster

Guide Note 11: Comparable Selection in a Declining Market

Guide Note 12: Analyzing Market Trends

Guide Note 13: Performing Evaluations of Real Property Collateral for Lenders

Guide Note 14: Concept of Exposure Time

Guide Note 15: Assumptions and Hypothetical Conditions

Guide Note 16:  Arbitration 

All Guide Notes: Download the current Guide Notes to the Standards of Professional Practice

  • Guide Note 1: Valuation of Real Estate Component of Real Estate Limited Partnership Interests was retired effective May 8, 2012
  • Guide Note 7: Consideration of the Americans with Disabilities Act in the Appraisal Process was retired effective November 16, 2012
  • Guide Note 9: Use and Applicability of Engagement Letters was retired effective May 3, 2013
  • Guide Note 2: Cash Equivalency in Valuations was retired effective November 16, 2018


The above documents are in PDF format. For best results and to open any PDF document, download the latest free Adobe Reader software.

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