RAC and Worldwide ERC Report Writing Contest

Workforce mobility association Worldwide ERC® and RAC, a premier organization providing valuation solutions for complex residential properties regularly hold a joint Summary Appraisal Report Writing Contest.

The winners was chosen from nationwide entries. The reports were redacted so that the judges, who were report reviewers from relocation management companies, did not know the identity of the contestants. The redactions also were made to protect private information about the subject properties.

Each section of the report was evaluated for the following:

Completeness (whether all necessary information was included, and if exhibits were useful and comprehensive)

Clarity of communication (descriptions were required to render a good understanding of the elements being defined, in complete sentences with appropriate grammar)

Thoroughness (whether the appraiser researched all of the important market factors that impact the analysis)

Internal consistency (ensuring that the facts presented in the report led to the conclusions and recommendations expressed by the appraiser)

Complexity of the assignment (determining if the report identified and communicated unique marketing challenges, and offered adequate justification for adjustments for unique/unusual challenges).