Appraisal Institute of Canada

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Forms & Templates

0518 Forms and Addendas

The Forms and Addenda must be downloaded to your computer and Adobe software installed (available here) in order to function properly.

Assignment Type

Report Form and Commonly Used Addenda

Full Residential Appraisal

Residential Appraisal Report 0518

 Full Residential Appraisal with Market Rent 

Residential Appraisal Report 0518

  • Narrative/Scope
  • Photos
  • Building Sketch
  • MLS/Sales Comparables
  • Maps (Location/Zoning/Aerial)
  • Market Rent
  • *Only if requested, required by clientLimited Uses / Detrimental Condition

Full Residential Appraisal for New Construction financing

Residential Appraisal Report 0518

  • Narrative/Scope
  • Photos
  • Building Sketch
  • MLS/Sales Comparables
  • Maps (Location/Zoning/Aerial)
  • Cost Approach
  • Hypothetical/Extraordinary Assumptions & Extraordinary Limiting Conditions
  • *Only if requested, required by client Limited Uses / Detrimental Condition

Purchase Plus Improvement financing

Residential Appraisal Report 0518

  • Narrative/Scope
  • Photos
  • Building Sketch
  • MLS/Sales Comparables
  • Maps (Location/Zoning/Aerial)
  • Hypothetical/Extraordinary Assumptions & Extraordinary Limiting Conditions
  • As-is OR As-if-complete
  • *Only if requested, required by lender/AMC — Limited Uses / Detrimental Condition

Stand-alone Market Rent for a specific property

AIC Market Rent Appraisal Report 0518

  • Narrative/Scope
  • Photos
  • Building Sketch
  • MLS/Rent Comparables
  • Maps (Location/Zoning/Aerial)

Stand-alone Market Rent Report for an area or property type

Market Rent Consulting Report 0518

  • Narrative/Scope
  • Maps (Location/Zoning/Aerial)
  • MLS/Rent Comparables

Progress Inspection

AIC Progress Inspection Report 0518

  • Photos

Residential Land Appraisal

Residential Land Appraisal Report 0518

  • Narrative/Scope
  • Photo
  • MLS/Sales Comparables

Desktop Appraisal

Desktop Appraisal Report 0518

  • Narrative/Scope
  • Photos
  • MLS/Sales Comparables
  • Maps (Location/Zoning/Aerial)

Drive-by Appraisal

Drive-by Appraisal Report 0518 

  • Narrative/Scope
  • Photos
  • MLS/Sales Comparables
  • Maps (Location/Zoning/Aerial)

 

The AIC publishes forms for use by AIC Members where the Member and the AIC deems use of the form appropriate. Depending on the assignment, the Member may need to provide additional data, analysis and/or work product not included in this form. The AIC makes no representations, warranties or guarantees as to, and assumes no responsibility for, the data, analysis or work product provided by the individual Member(s) in the specific contents of any form.

0518 Mandatory Clauses and Certification

A Member may remove an assumption or limiting condition only when it is not relevant or not appropriate to a particular assignment in its templated form. 

Acceptable examples of removing or replacing clauses are:

  • Limiting Condition #3
    • The text: “No registry office search has been performed” may be removed and replaced with “A registry office search has been performed.” when the Member has performed a title search.
  • Limiting Condition #5
    • The text: “No survey of the property has been made.” may be replaced with “A survey of the property has been made.” when a survey has been performed or a Land Surveyor has been engaged.
  • Limiting Condition #9
    • If verification of information was undertaken, an outline of the steps taken can be added.
  • Limiting Condition #16
    • This clause may be removed if the Member has created their own form.
  • The word “appraiser” when and where applicable, may be replaced with the word:
    • “Reviewer”
    • “Consultant”
    • “Reserve fund Planner”
    • “Assessor”, or
    • The generic term “Author”

A Member should exercise the utmost caution when removing or modifying mandatory clauses as it could affect insurance coverage for the report. A Member is risking a possible denial of coverage for themselves and their clients.

When in doubt, contact Professional Standards and Guidance at: 1-888-551-5521 or .ac.a1571826483danac1571826483ia@of1571826483ni1571826483


Miscellaneous Forms & Templates

The following companies carry AIC-approved appraisal software: Alamode www.alamode.com/wintotal/default.asp Telephone: 1-800-252-6633 Bradford Technologies www.bradfordsoftware.com Telephone: 1-800-622-8727 ACI www.aciweb.com Telephone: 1-800-234-8727

 

AIC Templates:

Volunteer Forms:

Work Product Review Forms:

Samples and Optional Clauses

Disclaimer: The samples provided are for illustrative purposes only and were appropriate for that particular assignment only.   Members are responsible for ensuring that every report meets CUSPAP standards.