The Appraisal Request Form is a crucial document used in the Philippine real estate and financial sectors to initiate professional property valuation services. It is designed to comply with the requirements of the Real Estate Service Act (RESA Law) and relevant BSP guidelines governing property appraisal practices in the Philippines. This document is typically used when parties require an official valuation of real property for purposes such as sale, mortgage, insurance, tax compliance, or legal proceedings. The form collects comprehensive information about the subject property, the requesting party, the purpose of the appraisal, and specific requirements for the valuation process. It serves as the foundation for the appraiser's scope of work and ensures that all necessary information is properly documented for regulatory compliance and professional standards.
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1. Client Information: Details of the requesting party including name, contact information, and status (individual/corporate)
2. Subject Property Details: Comprehensive information about the property to be appraised including address, type, current use, and title information
3. Purpose of Appraisal: Stated purpose for the appraisal (e.g., loan purposes, sale, insurance, tax compliance) and intended use of the report
4. Type of Value Required: Specification of the type of value needed (market value, fair value, liquidation value, etc.)
5. Preferred Inspection Date: Proposed date and time for property inspection
6. Access Information: Contact details for property access and any special instructions or requirements for inspection
7. Required Completion Date: Expected timeline for the completion of the appraisal report
8. Authorization: Client's authorization for the appraisal and acknowledgment of associated fees
1. Previous Appraisal History: Information about any previous appraisals of the property, used when the property has been appraised before
2. Special Instructions: Any specific requirements or considerations for the appraisal, included when there are unique circumstances or requirements
3. Third Party Authorization: Authorization for sharing the report with specified third parties, included when the report will be shared with other parties like banks or investors
4. Rush Request: Special section for expedited processing, included when urgent completion is required
5. Multiple Property Details: Additional section for multiple properties under one request, used when requesting appraisal for multiple properties
1. Property Document Checklist: List of required documents to be submitted with the request (e.g., title, tax declarations, building permits)
2. Fee Schedule: Breakdown of appraisal fees and payment terms
3. Terms and Conditions: Standard terms and conditions for the appraisal service
4. Property Photos: Attachment section for existing property photos or documents, if available
Relevant legal definitions
Clauses
Relevant Industries
Real Estate
Banking and Finance
Insurance
Construction and Development
Legal Services
Government and Public Sector
Property Management
Asset Management
Mortgage and Lending
Relevant Teams
Real Estate Services
Valuations
Credit Risk
Mortgage Processing
Legal
Property Management
Asset Management
Investment Analysis
Insurance Underwriting
Loan Processing
Compliance
Documentation
Relevant Roles
Real Estate Appraiser
Property Valuer
Real Estate Manager
Bank Loan Officer
Mortgage Specialist
Property Developer
Real Estate Broker
Asset Manager
Insurance Underwriter
Property Assessment Officer
Real Estate Attorney
Investment Analyst
Property Portfolio Manager
Credit Risk Officer
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