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ATTENTION
Lending Institutions
MAI or not to MAI !

Updated June 2006


18.If a client wants to order a “Limited” appraisal, how can this be done (easily)?

Since the term Limited Appraisal is no longer defined, the client needs to communicate to the appraiser the assignment conditions under which the appraisal is to be performed. These might include required turnaround time, degree of inspection and approaches to be developed. After considering the client’s description, it is up to the appraiser to determine if an adequate scope of work can be developed.

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