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The package explains the intended purpose of cover letters, appraisal services agreements, engagement letters for single assignments, and terms and conditions attachments. Guidance emphasizes drafting clarity, evidentiary value for both parties, dispute prevention through advance documentation, and the need for written execution and retention. 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All rights reserved.  \nPrinted in the United States of America. No part of this publication may be reproduced, stored in a retrieval system, or transmitted in any form or by any means, electronic, mechanical , photocopy, recording or otherwise, without the prior written consent of the publisher.  \nNOTICE  \nTHESE MATERIALS (SAMPLES AND INSTRUCTIONS) ARE DESIGNED TO PROVIDE HELPFUL INFORMATION AND TO SERVE AS A RESOURCE IN THE PREPARATION OF LETTERS OF AGREEMENT OR ENGAGEMENT, WHICH MAY CREATE LEGALLY BINDING OBLIGATIONS ON THE PARTIES. THESE REFERENCE MATERIALS ARE PROVIDED WITH THE UNDERSTANDING THAT THE APPRAISAL INSTITUTE IS NOT ENGAGED IN RENDERING LEGAL, ACCOUNTING OR OTHER PROFESSIONAL SERVICES. THE APPRAISAL INSTITUTE DOES NOT ASSUME ANY RESPONSIBILITY OR LIABILITY FOR ANY SERVICES PERFORMED PURSUANT TO USE OF OR RELIANCE UPON THESE MATERIALS NOR DOES THE APPRAISAL INSTITUTE MAKE ANY REPRESENTATION OR WARRANTY THAT THESE MATERIALS CONTAIN TERMS AND CONDITIONS APPROPRIATE TO ANY PARTICULAR APPRAISAL ASSIGNMENT. UNDER NO CIRCUMSTANCES SHALL THE APPRAISAL INSTITUTE BE LIABLE FOR ANY DIRECT, INDIRECT, INCIDENTAL, CONSEQUENTIAL, SPECIAL OR EXEMPLARY DAMAGES ARISING OUT OF OR IN CONNECTION WITH USE OF THESE MATERIALS.  \nUSERS SHOULD SEEK THE ADVICE OF COMPETENT LOCAL LEGAL COUNSEL IN THE PREPARATION OF LETTERS OF AGREEMENT AND ENGAGEMENT IN PART TO ENSURE THAT USERS’ INTERESTS ARE PROPERLY REPRESENTED, THAT TERMS AND CONDITIONS ARE APPROPRIATE FOR ANY PARTICULAR APPRAISAL ASSIGNMENT, ARE ENFORCEABLE, HAVE THE DESIRED MEANING AND ARE COMPLIANT WITH LOCAL LAWS.  \nIntroduction  \nIn 2006 sample engagement materials were developed by the Appraisal Institute and made available for use. These sample materials w e re intended as a refe re nc e to assist appraisers and their clients in drafting their own a ppraisal services agreements and engagement letters (also known as a service contract, service agreement, o r contract) .  \nA project team was formed to update the package of sample engagement materials. This project team was comprised of Lance Coyle, MAI, Paula Konikoff, JD, MAI, AIGRS; and Stephanie Coleman, MAI, SRA, AI-GRS, AI-RRS; with assistance from Christina Mitakis, Esq. Associate General Counsel with the Appraisal Institute and Peter Christensen, Esq. of Christensen Law Firm.  \nAfter considering feedback from stakeholders, the project team created revised sample engagement materials for use in the non-litigation context. These are now available to appraisers and clients on the Appraisal Institute’s website at [www.appraisalinstitute.org](www.appraisalinstitute.org).  \nThe package includes four Word/. pdf documents:  \n1. Sample Cover Letter for Appraisal Services Agreement. Intended as a sample of a brief transmittal letter from the Appraiser to the Client introducing the Appraisal Services Agreement , which would be attached.  \n2. Sample Appraisal Services Agreement. Intended as a sample master agreement to establish an on-going business relationship between the appraiser and client involving multiple assignments.  \n3. Sample Engagement Letter. Intended as a sample engagement letter in relation to a single assignment.  \n4. Sample Terms and Conditions. Intended as a sample of an attachment to the Appraisal Services Agreement and to the appraiser’s report.  \nThese documents are designed to be edited or modified as needed. As drafted they address non-litigation appraisal assignments, but they can easily be edited to accommodate review or other types of assignments.  \nWhy Use an Appraisal Services Agreement and Engagement Letter?  \nValuation standards recognize that an “assignment” or “engagement” is the result of an agreement between an appraiser and a client about a service. Valuation standards do not require that an agreement between an appraiser and client about a service be in writing. However, using a wr","cbCail8GlwXjFMMe","https://ap.wps.com/l/cbCail8GlwXjFMMe","pdf",143853,"English","# Introduction\n## Purpose of the Sample Materials\n## Why Use an Appraisal Services Agreement and Engagement Letter?\n## Completing the Sample Cover Letter to Appraisal Services Agreement","[{\"question\":\"What are the sample engagement materials intended for?\",\"answer\":\"They provide helpful reference materials for preparing letters of agreement or engagement used in non-litigation appraisal assignments.\"},{\"question\":\"Why is using a written appraisal services agreement and engagement letter recommended?\",\"answer\":\"A written agreement clarifies service terms, provides evidence of mutual understanding, and helps resolve disputes by documenting both parties’ expectations in advance.\"},{\"question\":\"What execution and documentation steps are required for effectiveness?\",\"answer\":\"The appraisal services agreement and engagement letter must be signed and dated by both parties, with retained copies; if signatures aren’t possible, mutual acceptance should be documented.\"}]","Sample Engagement Materials for Non-Litigation Services - Instructions for Use | PDF",1789534384]