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<law><site_title>Virginia Decoded</site_title><site_url>https://vacode.org</site_url><law_id>82853</law_id><section_number>54.1-2017.1</section_number><catch_line>Evaluation requirements; report</catch_line><edition url="https://vacode.org/2025/" slug="2025" current="TRUE" last_updated="">2025</edition><structure><unit label="title" level="1" order_by="1" identifier="54.1">Professions and Occupations</unit><unit label="subtitle" level="2" order_by="1" identifier="II">Professions and Occupations Regulated by the Department of Professional and Occupational Regulation and Boards Within the Department</unit><unit label="chapter" level="3" order_by="1" identifier="20.1">Real Estate Appraisers</unit></structure><text>
						<section id="A"><p><span class="prefix-number">A.</span> Any <span class="dictionary">evaluation</span>, as defined in &#xA7; <a class="law" title="Definitions" href="/54.1-2009/">54.1-2009</a>, shall contain the statement: &#x201C;This is not an <span class="dictionary">appraisal</span> performed in accordance with the Uniform Standards of Professional <span class="dictionary">Appraisal</span> Practice.&#x201D; <a id="paragraph-297006" class="section-permalink" href="https://vacode.org/54.1-2017.1/#A"><i class="fa fa-link"/></a></p></section>
						<section id="B"><p><span class="prefix-number">B.</span> The <span class="dictionary">evaluation</span> report may be prepared in any reporting format, provided that (i) the reporting format meets the requirements as set forth in the Interagency <span class="dictionary">Appraisal</span> and <span class="dictionary">Evaluation</span> Guidelines promulgated by the Office of the Comptroller of the Currency et al. (75 F.R. 77450) and (ii) the <span class="dictionary">evaluation</span> report contains sufficient information in clear and understandable language to allow a person to understand the <span class="dictionary">opinion</span> of the market value of <span class="dictionary">real property</span> or <span class="dictionary">real estate</span>. <a id="paragraph-297007" class="section-permalink" href="https://vacode.org/54.1-2017.1/#B"><i class="fa fa-link"/></a></p></section></text><history>2018, c. 644.</history><metadata></metadata></law>
