Guam § 30111 - Appraisal Reports Requirements.
Full text of Guam Guam Code Annotated § 30111 — Appraisal Reports Requirements., with citation guidance and answers to common questions.
§ 30111. Appraisal Reports Requirements.
(a) At a minimum, an appraisal report must conform to Uniform
Standards of Professional Appraisal Practice (USPAP-current version) and
must be in writing. Future revisions in the Standards shall take effect
immediately.
(b) An appraisal reporting an estimated value shall be supported with
written documentation or written memoranda in compliance with USPAP
(current version).
(c) Certification. Each appraisal report must contain a certification by
the appraiser in compliance with USPAP (current version).
(d) A copy of each appraisal and the data and reasoning supporting the
value conclusion of each appraisal shall be retained by the appraiser for not
less than five (5) years. In the case of litigation, appraisals must be retained
not less than two (2) years after the case is finally adjudicated and all
appeals exhausted.
Frequently Asked Questions About Guam § 30111
What does Guam Code Annotated § 30111 cover?
Section 30111 ("Appraisal Reports Requirements.") is part of the Guam Code Annotated, the codified statutory law of Guam. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Guam § 30111?
A common citation format is "Guam Code Annotated § 30111" (Guam). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Guam law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Guam official source linked on this page or consult a licensed Guam attorney.
How does Guam § 30111 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Guam can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Guam.