Hypothetical Condition and Identification

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Hypothetical Condition

Identification

Office Hours Information from March 2025

International Society of Appraisers

MARCH 14, 2025

If they exist, all assignment conditions and extraordinary assumptions must be described completely in any appraisal report, so your intended users are aware of what conditions affected the development portion of the appraisal assignment. Descriptions/Identification (authentic, age, provenance, dimensions, etc.)

Appraiser/appraisal

Appraiser/appraisal Market Value Appraisal Reports Hypothetical Condition

ASA Newsroom - Gems & Jewelry - Untitled Article

ASA Newsroom - Gems & Jewelry

MAY 1, 2024

The approach to problem identification may be the same in the context of an appraisal for charitable gift or estate tax; however, in an insurance context, appraisers are often faced with specific challenges such as evaluating a property that has already been damaged or stolen. In these situations, hypothetical conditions may be necessary.

Appraiser/appraisal

Appraiser/appraisal Insurance Policy Insurance Coverage

Personal Property Zone

Office Hours Information from March 2025

ASA Newsroom - Gems & Jewelry - Untitled Article

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