standard 1 obligate app to NOT RENDER AS in careless / negligent manner/ use DILIGENCE + DUE CARE standard 1-2 identification of character, include legal attributes conduct section of ER ethics rule = competent performance and prohiit communication that is misleading/ fraudulent manner Assignment Condition = JE jurisdictional exception, Assumption, LC limiting condition when subject is proposed construction, app must EXAMINE and have available FOR FUTURE EXAM, plan specification / doc enough to identify extent and character of proposed improvement standard 1-2c specify requiremetn in market value assighnment =exposure time [statement 6 of uspap] ET == estimated length of time prop interest being appraised would have been offered on market prior to Hypothetical consummation of sale at market value on effective date of app ET ===== precede EFFECTIVE DATE of app [DOM / INFO gathered through sale verification / interview of mkt participants/ standard rule 1-2d ========effective date 9 deterimine date of opinion) statement 3 and 4 provide more =======retrospecvtive / current / prospective standard rule 1-2e ======= identification of prop characteristics === physical / legal / economic a location and physical / legal economic attribute b Real property interest to be valued c any pp trade fixtures /intangible items that are not real property but included in app d any known easement / restriction , encumbrances, leases, reservations, covenant, contract, declaration, special assessments, ordinance / other items of similar nature e whether fractional interest / physical segment / partial holding a 1-2e states comment info msut be from sources app REASONABLE BELIEVES reliable b app use property inspection adn doc c any proposed improvement =====must examine / have abvailable for future exam/ plans/ spec / doc sufficeinent to identify extent and character d identification of real property interest appraised === can be based on review copies / summaries of title descriptions / other doc that set forth any known encumbrance e no required to value WHOLE when subject is =======FRACTIONAL INTEREST / physical segment / paratial holding 1-2f and 1-2g AC assignment condition ====== JE A LC 1-2g use of HC why use EA? 1 develop credible opinon and conclusion 2 reasonable basis for using EA 3 use EA result credible analysis 4 comply with disclosure requirement set forth in uspap for EA why use HC a use HC is clearly for legal purpose/ reasonable analysis / comparison b result credible analysis c app comply with disclosrue req set forth in uspap for EA rule 1-2 through 1-6 1-3 == data collection and analysis ====app process/ data collect where market value opinoin is expressed 1-3a -N O ===== 1 failure to reference info avail to app = lack of due diligence / due care 2 An ?? may be used in assignment only if there is reasonable basis for its use ==== EA 3 for proposed improvment, app ===== examine and have avail for future exam 4 standards rule 1-2 obligate app to determine sofW necesary to produce ? with Scopeo of W rule ===========credible assignmetn result 5 according to the comment to standard 1-2c app ==== develeoping an opinion of market value 6 Exposure time occurs ? effective date of app ================prior to 5 in deve app, MUST NOT COMMIT substantial E&O ===== signifianctly affect app 6 NOT 3 GENERal obligation under Standard 1 ===== report opinioni and conclusion reached by app 7 standard rule 1-1 elaborate on requirement found in ?? RULE OF USPAP ======== COMPETENCY 8 1-2A AND 1-2B ADDRESS ===== client and other intended users and intended use of app opinion and conclusion 9 Standard rule 1-2 elaborate on app obligation regarding = ========= prob identification and determining SofW 10 intended use of app opinion and conclusion key element in detiming ? in assignment ====== SofW to be performed 11 effective date of app ====== context for value opinion 12 standard rule 1-1 elaborare requirement in ============COMPETENCY rule of uspap 13 Accord to Comment to 1-2c app develope opinon of reasonable ET =======develp OofMV