GSA Form 1241 Contract for Appraisal Report

What Is GSA Form 1241?

This is a legal form that was released by the U.S. General Services Administration on September 1, 1973 and used country-wide. As of today, no separate filing guidelines for the form are provided by the issuing department.

FAQ

Q: What is GSA Form 1241?
A: GSA Form 1241 is a contract for appraisal report.

Q: What is the purpose of GSA Form 1241?
A: GSA Form 1241 is used to establish a contractual agreement between the appraiser and the Government Services Administration (GSA) for the preparation of an appraisal report.

Q: Who uses GSA Form 1241?
A: GSA Form 1241 is used by appraisers who are contracted to provide appraisal reports for the GSA.

Q: What information is included in GSA Form 1241?
A: GSA Form 1241 includes details about the property being appraised, the scope of work, fees, and terms and conditions of the appraisal.

Q: Are there any fees associated with GSA Form 1241?
A: Yes, the fees for the appraisal services will be outlined in GSA Form 1241.

Q: Can GSA Form 1241 be used for appraisals of any type of property?
A: Yes, GSA Form 1241 can be used for the appraisal of various types of properties, including both real estate and personal property.

Q: Is GSA Form 1241 mandatory for appraisers working with the GSA?
A: Yes, appraisers who are contracted by the GSA are required to use GSA Form 1241 for their appraisal reports.

Q: Can GSA Form 1241 be modified or customized?
A: No, GSA Form 1241 is a standard form and should not be modified or customized.

Q: What happens if there is a dispute regarding the terms of GSA Form 1241?
A: Any disputes regarding the terms of GSA Form 1241 will be resolved in accordance with the terms and conditions outlined in the contract.