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USPAP Services USPAP describes two kinds of appraisal analysis and three kinds of appraisal reporting formats. Appraisal Analyses Complete Appraisals AKA:Complete Analysis Appraisals, Full Analysis Appraisals, Full AppraisalsIncludes:All applicable analyses and approaches to valueExample:Appraisals for mortgage underwriting at the federally insured bank Limited Appraisals AKA:Limited Analysis Appraisals, Appraisals prepared using the Departure Provision, Agreed-upon Procedure and Analysis Appraisals, Client-Defined Scopes of Services AppraisalsIncludes:Only those applicable analyses and approaches to value to that the client reasonably requestsExample:A cost analysis of an office building to determine insurable value for insurance underwriting Appraisal Reporting Formats Self-Contained AKA:Full Narrative Reports, Full NarrativesIncludes:Full descriptions throughout the appraisal reporting processExample:Appraisals for mortgage underwriting at the federally insured bank Summary Reports   AKA:Executive Summary ReportsIncludes:Summary descriptions of critical appraisal processesExample:Update Appraisals, Appraisals and Consulting for Tax and Audit Purposes Restricted Use Reports AKA:Letter AppraisalsIncludes:Lists critical appraisal processesExample:Acquisition or Disposition Due Diligence Support Appraisal and Consulting Services These appraisal analysis and reporting format types can be used for traditional appraisals of real estate, personal property or businesses, as well as for appraisal reviews, appraisal consulting, feasibility studies, market studies, mass appraisals, appraisals using automatic valuation models and others. Links to USPAP Statement on Appraisal Standards No. 7 (SMT-7) and Advisory Opinion 15 (AO-15) provide advice and description of Complete Appraisal and Limited Appraisals. Advisory Opinion 11 (AO-11) provides a summary description of the three reporting formats. USPAP Compliant Page

Others & Not-for-Profits Federal Appraisal, LLC is uniquely qualified to serve. While we have attempted to list on our web pages the client types that we serve, we have not listed them all. It is strongly recommended that clients, who do not fall into a clearly defined category, call us to discuss their particular needs for each project or issue, so that we may propose the most appropriate, costeffective service or product. Insurance Companies Business Interruption Consulting, Damages Estimates Federal Appraisal, LLC provides consulting and appraisal services to individuals and companies suffering from business interruptions and damages from natural and man-made disasters and accidents. If the loss or diminution of the use of your real estate is causing a loss in business income and/or is reducing the utility or value of your real estate, then Federal Appraisal, LLC may be able to help you recoup your damages. Even tenants in damaged or reduced utility space can benefit from our services. Federal Appraisal also provides Insurable Value appraisals. Not-for-Profit Organizations Federal Appraisal has substantial experience servicing not-for-profit organizations. Their organizational structures impact their need for appraisal services. They have unique requirements for reporting to their boards and other oversight groups. They are cost sensitive. While real estate activities that they require assistance with often represent one of the most significant financial decisions of the organization, the real estate training, knowledge, and experience are beyond that of the best run not-for-profit organizations. Unfortunately, all too often, not-for-profit organizations wait too long before contacting real estate professionals or they’re not even aware that they can obtain assistance for their particular needs.

Investors and Property Managers Each investor has its own unique business requirements. That’s why Federal Appraisal, LLC was formed. Many of the appraisal and consulting needs of investors can only be solved with complex and non traditional appraisal and consulting services. Federal Appraisal specializes in those services. We understand that each investor requires different analyses and reporting. We tailor each of our engagements to the needs of the individual investor and to those investing in the investors. Institutional and Private Investors REITS Insurance Companies, Pension Funds A sampling of the services other to investors follows: portfolio and single asset appraisals acquisition and disposition support portfolio analysis and strategy real estate department management review advisor compliance reviews property manager compliance reviews market studies and research feasibility studies development analysis net lease analysis appraisal process reviews workouts and restructurings internal and external appraisal reviews appraisal policies and procedures reviews appraisal management and appraisal department outsourcing expedited services for time-sensitive projects reconciliation services for conflicting valuation opinions underwriting analyses See our services for Accounting and Legal issues pages, for more information on Federal Appraisal. Management Consulting Issues and Solutions for Investors Federal Appraisal provides user-defined scopes of services and agreed upon procedures services relating to investors. Securities and Exchange Commission (SEC) Federal Appraisal, LLC provides the real estate appraisals and valuation reporting support required by the SEC. See our SEC page for more information. Internal Revenue Service (IRS) Federal Appraisal, LLC provides the real estate appraisals and valuation reporting support required by the IRS. See our IRS page for more information.