Levels

I

II

III

IV

V

Transaction Risk Level

Minimal

Low

Moderate

Moderate to High

High

Extent of Property Inspection

Curbside

Curbside

Interior, Exterior, & Measurements

Interior, Exterior, & Measurements

Interior, Exterior, & Measurements

Extent of Subject Data Validation

Minimal
Public Records

Low – Public Records, MLS

Moderation  -  A mix of public records, MLS, and interviews

Mod. To high –  A mix of public records, MLS, and interviews

Extensive –
A mix of public records, MLS,  interviews, and other sources

Type Analysis

One Approach

One Approach

Two Approaches

All Applicable
Approaches

All Applicable
Approaches

Extent of Analysis

Cost – Manual for costs and dep.  SCA  - Minimal items analyzed.  Income – Actual or Market Income with published cap rate

Cost – Manual for costs and dep.  SCA  - Minimal items analyzed.  Income – Actual or Market Income with published cap rate

Cost – Manual for costs and dep.  SCA  - Line by line adj. of most characteristics of sales.  Income – Actual or Market Income with published cap rate or extracted cap rate

Cost – Manual for costs and dep.  SCA  - Line by line adj. of all characteristics of sales.  Income – Actual or Market Income with published cap rate or extracted cap rate

Extensive  -  All three meaningful methods of analysis in all three approaches.

Extent of Market Data Selection and Validation

Minimal

Low  - Inconsistent data is discarded

Moderate  -  Inconsistent data is verified or discarded

Moderate to High  -  Interviews, rents, concessions, other data.

Extensive  -
Interviews, rents, concessions, other data.

Report Format

Restricted Use

Restricted Use to Summary

Summary

Summary of Self-contained

Self-contained