Candidate (Licensing) Someone who submits an official application in order to RECA as an ingredient of one’s authorization process to trade in a house, package in mortgages otherwise give a house appraisal qualities inside the Alberta.
Assessment Process A logical data of your own affairs you to incur through to the worth of home. They include an orderly procedure by which the problem is outlined, the job had a need to solve the issue is arranged, additionally the research inside it is obtained, categorized, assessed, and you can interpreted with the a quote useful.
Assessment Report An official report discussing a viewpoint of your really worth of property in accordance with the conclusions from a bona fide property appraiser. The brand new statement need to state the purpose of the fresh new assessment, the new big date of the assessment and start to become closed by appraiser. Come across along with A property Assessment.
However, obligations to possess worry and you may fix of the storage space normally remains on Board of Administrators
Appraisal Remark The operate or means of reexamining an appraisal statement on the completeness and you may accuracy and to make certain compliance having the new relevant assessment criteria.