Sample Appraisal Engagement Letter - Free Download
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Sample Appraisal Engagement Letter
Sample Appraisal Engagement Letter
Farmer Mac Form 1023A (10/2005) PAGE 1
SAMPLE FEE APPRAISER ENGAGEMENT LETTER
(Full-Time Farm and Specialized Agricultural Facility Property)
<Date>
<Business Address>
Subject: <Appraisal service request (reference name & number)>
Dear <appraiser>:
This confirms our request and, with your acceptance, is the contract for your
professional appraisal services.
Upon your acceptance of this assignment we expect you to provide us with a
<Complete> <Limited> appraisal documented in a <Summary> <Self-Contained>
Appraisal Report.
Please confirm your acceptance of this assignment by signing this letter and
returning a copy to <Institution’s representative> at <Institution name> within seven
(7) days of receipt.
I. OBJECTIVE and BUSINESS RELATIONSHIP
Our objective is to obtain candid, impartial, and reliable information about the
property to be appraised (subject property) for use in a Farmer Mac loan or servicing
action.
Upon your acceptance of this assignment, <Institution Name> is your Client. Your
work in this assignment is as an independent contractor and not as an employee /
partner, principal, or agent of <Institution name>.
II. AUTHORIZATION and PROPERTY IDENTIFICATION INFORMATION
With your acceptance of this assignment, we authorize you to appraise a <fee /
leased fee / leasehold> ownership interest in the <> acre(s) in <> parcel(s) located
about <distance> <direction> of <community> in <name> <county> <state>. The
subject of your appraisal is identified as <identifier, such as Assessor's Parcel
Number(s)>.
The following are enclosed or will be provided as indicated to assist you in your work:
___ Legal Description / Title Report ___ Environmental Forms
(Form 1010A)
___ Property Use History ___ Property Marketing
History
___ Irrigation / Drainage Supplement (Form 1013A) ___ Farmer Mac
Form 1027A
___ Other: ______________________ ___ Other:
_________________________
III. GENERAL ASSIGNMENT CONDITIONS
Confidentiality -- The results of your assignment are to be communicated only in
writing and only to us. All documents and information furnished to you by this
company in connection with this assignment are confidential information.
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