Virginia § 54.1-2017.1 Evaluation requirements; report

Virginia Statutes

§ 54.1-2017.1 — Evaluation requirements; report

Virginia § 54.1-2017.1

Title 54.1Professions and Occupations

Subtitle IIProfessions and Occupations Regulated by the Department of Professional and Occupational Regulation and Boards Within the Department

Ch. 20.1Real Estate Appraisers

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Bluebook

Va. Code Ann. § 54.1-2017.1 (2026).

Text

A.Any evaluation, as defined in § 54.1-2009, shall contain the statement: "This is not an appraisal performed in accordance with the Uniform Standards of Professional Appraisal Practice."

B.The evaluation report may be prepared in any reporting format, provided that (i) the reporting format meets the requirements as set forth in the Interagency Appraisal and Evaluation Guidelines promulgated by the Office of the Comptroller of the Currency et al. (75 F.R. 77450) and (ii) the evaluation report contains sufficient information in clear and understandable language to allow a person to understand the opinion of the market value of real property or real estate.

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A. Any evaluation, as defined in § 54.1-2009, shall contain the statement: "This is not an appraisal performed in accordance with the Uniform Standards of Professional Appraisal Practice."

B. The evaluation report may be prepared in any reporting format, provided that (i) the reporting format meets the requirements as set forth in the Interagency Appraisal and Evaluation Guidelines promulgated by the Office of the Comptroller of the Currency et al. (75 F.R. 77450) and (ii) the evaluation report contains sufficient information in clear and understandable language to allow a person to understand the opinion of the market value of real property or real estate.