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All appraisal reports written in compliance with the Uniform Standards of Professional Appraisal Practice (USPAP) have to include identification of the level of the market the appraised values are set in and the effective date of the valuation. The next level is Fair Market Value.
Understanding the nuances of property insurance coverage and the claims function is essential for appraisers to effectively carry out their duties. The Claims Function People buy insurance policies for protection against financial loss. In these situations, hypothetical conditions may be necessary.
But there are other reasons as well, such as settlement of an estate, donating a piece or collection to an institution, equitable distribution in a divorce, or wanting to know an accurate market value before selling a work. An object can have different values, depending upon the function of the appraisal.
Oversees the work of contract conservation work, both on and off site. Prepares “Requests for Proposals” (RFPs), identifies qualified bidders, develops scopes of work, and reviews contract conservation proposals. Compensation Negotiations start at $50,000.
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