Typical Appraisal Forms The type of appraisal form used on an appraisal assignment is determined by the client’s needs. A client can be a lender, an individual, or any other party that would need appraisal services. 1004 - This is the most widely used form and is also known as the URAR. This is often the requested form for an appraisal on a single family home. This report includes a detailed description of the subject property and comparable sales. 1004C - This form is used for Manufactured Housing, or “Hud code homes.” This form includes details such as serial number, site analysis, foundation specifications, model and manufactures name, as well as the items in a standard report. 1004D - This form is a new form that can be utilized for a Final Inspection on new construction or for an Appraisal Update (sometimes confused with a re-certification.) 1073 - This a form designed for a Condominium Unit. Specific questions are on this form as to the Condominium association management, rules, income, fees, number of units etc… 2055 - This is a report form that is designed for an assignment that does not require an interior inspection. On occasion this is referred to as a “Drive-by form.” 1025 - This form is designed for properties which have two, three or four residential units. An assignment with form would require a sales comparison approach, a rent survey grid, income approach and an inspection of each unit. Typically this form would be associated with a higher appraisal fee. 2000 - Appraisal Field Review Report. This is a form for an appraiser to review another appraisal report. On occasion a wholesale lender might ask for this, if the original appraisal report is in question. These reports are also performed randomly on closed files. The main purpose of the report is to determine whether the subject property was accurately described and if the opinion of value is reasonable. 1007 - Sometimes this form is referred to as a Single Family Rent Schedule. This is the form that is used to establish the market rent for a single family home. Subject information is placed on a grid and compared to rental comparables. This form should only supplement a report. This is a sometimes requested addendum for supplementing a report on a single family investment property. 216 - Sometime referred to an Operating Income Statement. This is a form that is used to calculate the cash flow of investment or rental property (1-4 units.) Cash flow is determined by expenses and income generated by the building. Sometimes wholesale lenders demand this form, as an addendum, to determine whether the borrower’s income should or should not be adjusted for monthly profit or loss associated with the investment property.