WebHypothetical and Extraordinary Assumptions Definitions USPAP Standards Rule 3.2g and 8a xi Hypothetical Condition– A condition directly related to a specific assignment, which is contrary to what is known by the appraiser to exist on the effective date of the assignment results, but is used for the purpose of analysis. WebJun 1, 2024 · I simply stated the hypothetical condition – that the home “had” no family room but did have a garage, and that use of the condition might have affected the assignment results. Again, this is a hypothetical condition, because what I said to be ‘true’ was in fact at the time of appraisal, not true. What is an extraordinary assumption?
Hypothetical Condition (Appraisal): 7 Things (2024) You Should Know - MSN
WebAssumptions, extraordinary assumptions, hypothetical conditions, laws and regulations, jurisdictional exceptions, and other conditions that affect the scope of work. Laws include constitutions, legislative and court-made law, administrative rules, and ordinances. WebNov 27, 2024 · What are assumptions, extraordinary assumptions, and hypothetical conditions? Assumptions. There used to be a USPAP definition for assumption, but it was deleted in 2024, as the Appraisal Standards Board decided its use is not intended to differ from the general English meaning of the word. Assumptions (sometimes called “ordinary … irdai fit and proper criteria
2024-2024 Uniform Standards of Professional Appraisal …
http://www.healthcapital.com/hcc/newsletter/09_14/HYPOTHETICAL.pdf WebMay 16, 2024 · Researchers often use hypothetical scenarios to understand how people grapple with moral quandaries, but experimental results suggest that these scenarios may not always reflect real-life behavior. Webextraordinary: [adjective] going beyond what is usual, regular, or customary. exceptional to a very marked extent. nonrecurring. order for inspection palpation auscultation