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 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 

Guide Note 17: Compliance with the Code of Professional Ethics and Standards of Professional Practice of the Appraisal Institute

Guide Note 18: Personal Characteristics and Valuation Practice

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
• Guide Note 5: Appraisal of Real Estate with Related Personal Property, Business Property or Intangible Assets was retired effective August 7, 2020

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