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What is different about appraisals performed for the Board of Trustees as compared to those performed for banks, estates or other purposes?

April 26, 2017appraisals Banks different estates Performed purposes TRUSTEES

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What is different about appraisals performed for the Board of Trustees as compared to those performed for banks, estates or other purposes?

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A. Appraisals performed for the Board of Trustees must conform to the Uniform Standards of Professional Appraisal Practice and the Supplemental Appraisal Standards for Board of Trustees Land and sometimes federal appraisal procedures.