SAN FRANCISCO REAL ESTATE BOARD YEAR BOOK, 1929 APPRAISAL DEPARTMENT of the San Francisco Real Estate Board The San Francisco Real Estate Board has been equipped for appraisal work and has been making appraisals for more than twenty years. Recently the Board has made appraisals for some of our largest public service corporations, involving property run- nning into many millions of dollars. We have also recently made a number of appraisals for bond issues. BOARD APPRAISALS ARE CONFIDENTIAL When application is made, if the applicant will so indicate, Board appraisals are treated confidentially. Every possible safeguard is adopted to insure an impartial and unbiased valuation and the information furnished is recognized as being the exclusive property of the one seeking and paying for the appraisal. No member is allowed to serve on the appraisal committee who is personally interested in the property. HOW BOARD APPRAISALS ARE MADE A special committee of three is appointed for each appraisal, the members of which are chosen because of their special knowledge of the property to be appraised. The special committee carefully examines the property, taking into consideration every ele- ment which enters into its value. This committee then submits its report in writing to the Directors, all of whom have been given a description of the property in advance. It is incumbent upon the Directors to personally examine the property prior to receiving the report of the committee. When the final valuation is determined upon by the Directors, a certificate of appraisal is issued under the seal of the Board and it becomes the official Board appraisal. A CERTIFICATE OF APPRAISAL A certificate of appraisal sets forth the actual cash value of the property as of the date of the certificate, unless otherwise especially noted, as, for example, in applications for income tax returns, inheritance taxes, etc. WHAT IS THE VALUE OF YOUR REAL ESTATE? A sound appraisal is the only way to establish property values. An appraisal by the San Francisco Real Estate Board is recognized as authoritative. Appraising real estate is a science. The elements affecting valuation are many and complex. The knowledge and proper appreciation of these elements is necessary for a scientific and dependable valuation. Wide experience, technical knowledge and keen business judgment are the qualifications of a good appraiser. A Real Estate Board appraisal represents the collective judgment of a number of leading experts. This is the reason why a Board appraisal is recognized as the highest authority on real estate valuations. The man who is contemplating an important real estate transaction should have the benefit of the best and safest advice. In the final analysis the best and safest advice is had in a Board appraisal. COST OF BOARD APPRAISALS On all amounts up to $5,000......................$ 50 On all amounts from $5,000 to $10,000............75 On all amounts from $10,000 to $20,000..........100 Plus $2.50 per thousand on excess of $20,000 to $100,000 Plus $2.00 per thousand on excess of $100,000 to $500,000 And a further charge of $1.00 per thousand on excess over $500,000 LEASEHOLDS (Fees for appraisals of leaseholds are to be agreed upon, the amount charged depending upon the work and study involved in the appraisal.) There will be a minimum charge of...................$100