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Document
RFQ - Real Estate Appraisal Services
Year Created: 2024
DOCUMENT
RFQ - Real Estate Appraisal 2008
- YEAR CREATED: 2008
- ENTITY TYPE: Authority: Other
- TYPE OF DOCUMENT: RFQ - Requests for Quotes
- Professional Services
- Property
The document provides detailed information about the requirements and scope of work for appraisers providing services to Knox County Development Corporation (KCDC) in Tennessee. The document outlines the necessary qualifications and responsibilities of appraisers, including the preparation of appraisals in compliance with local ordinances, state regulations, and generally accepted principles of professional appraising.
In addition to the previously mentioned tasks, the document now includes the requirement for appraisers to analyze preliminary title reports. This analysis aims to identify potential title problems and propose methods to cure any title issues that may arise during the appraisal process.
The appraiser or firm is responsible for various tasks, including file management, title services (such as securing preliminary title commitments and insurance), conducting initial appraisals, contacting property owners, preparing appraisal reports, addressing environmental concerns, and appearing as an expert witness in eminent domain proceedings if necessary.
The document also mentions the role of a review appraiser who is responsible for reviewing appraisal reports, preparing tabulations of values, and appearing as an expert witness if required. Appraisal updates, coordination with review appraisers, negotiation services, and analysis of preliminary title reports are also part of the appraiser's responsibilities.
It is important to note that any questions or clarifications regarding the appraisal services should be submitted via email to the designated contact person. The document also emphasizes that firms must be available for KCDC projects on short notice, with a maximum of two weeks considered a reasonable project initiation time.
Overall, the document provides a comprehensive overview of the expectations and requirements for appraisers providing services to KCDC, including the additional task of analyzing preliminary title reports and proposing methods to cure any title problems that may arise.