9 December 2016
In recent months, our members have seen an increase in requests from AMC & Lenders, for Stand-Alone Market Rent Reports.
We have been in conversation with some of our members about the format of these reports, and thanks to Mike Chekaluk (DAR-Certified Appraisal Reviewer), of Cityline Appraisals Inc., we now have templates available for use. There are both REPORT-PRO and CLICKFORM templates completed and Mike has graciously agreed to allow our members to use the templates he created. If you have clients that use other formats, you will need to create something for that format.
We want to remind everyone that a Stand-Alone Market Rent report, is an opinion of value, and therefore is an appraisal. The report, as well as your research must comply with the USPAP Standards #1 and #2.
If you have any questions, please contact Rob MacDonald at CNAREA.
17 March 2015