What are the two required actions of an appraiser when analyzing agreements related to a subject property?

When analyzing agreements related to a subject property, the appraiser is required to not only analyze the agreements but also to summarize the findings in the report. This dual approach is essential for providing a comprehensive understanding of how these agreements may affect the property's value or the appraisal process.

By analyzing the agreements, the appraiser ensures that they are fully aware of the terms, conditions, and implications present within those agreements. This analysis informs their reasoning and conclusions regarding the appraisal. Summarizing this analysis in the report is equally crucial, as it communicates the findings clearly to the intended users of the appraisal. It allows stakeholders to understand how the agreements influence the property’s marketability or valuation.

In contrast, merely documenting the findings without analysis or summarizing the agreements without thorough analysis does not provide the level of insight necessary to support the appraisal's conclusions or ensure compliance with industry standards. Thus, the requirement to analyze and summarize in the report reflects a commitment to thoroughness and clarity in the appraisal process.