Is there a regulatory requirement that states that a COMMERCIAL APPRAISAL, must state the SITE VALUE even in the absence of the cost approach? Freddie/Fannie have a requirement to give the site value on 1-4 family properties in the absence of the cost approach. Because F/F require it this would now be a suplemental standard to USPAP. However on a COMMERCIAL PROPERTY I think my examiner is confused. hIGHEST AND BEST USE discussion is completed but no land comps are given and no site value is given either in the absence of the cost approach. Anyone?