| An Appraisal IS : |
| An Appraisal Is NOT : |
 |
 | For a specific function | |
| For a specific purpose | |
| A client tailored document | |
| An act of determining value | |
| Researched | |
| Supported by facts | |
| Has an effective date | |
| A written & legal document | |
| Signed | |
| Open-ended | |
| A price | |
| A guess | |
| "Fill in the blanks" document | |
| Un-researched | |
| Un-documented | |
| Verbal | |
| Undated | |
| Unsigned | |
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