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Are MLS photos of active listings OK ?

Discussion in 'Fannie Mae, Freddie Mac, USPAP' started by Eastpoint, Oct 7, 2009.

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  1. Eastpoint

    Eastpoint New Member

    0
    Dec 1, 2008
    Professional Status:
    Certified Residential Appraiser
    State:
    Massachusetts
    We inspect all comps from the street as required by USPAP. I now have a client who has requested an additional active listing and is asking us to verify exterior inspection for listing. Does USPAP require exterior inspection of active listings???:icon_question:
     
  2. John Marshall

    John Marshall Member

    0
    Jan 15, 2002
    Professional Status:
    Certified General Appraiser
    State:
    Georgia
    If you are adjusting a listing, how can you accurately do so without viewing it?
     
  3. Eastpoint

    Eastpoint New Member

    0
    Dec 1, 2008
    Professional Status:
    Certified Residential Appraiser
    State:
    Massachusetts
    First, you have not answered the question as to whether or not it is a USPAP requirement. Secondly, I am in a neighborhood I am familiar with with acre plus lots and it's usually easier to get a good look at the property with MLS pics. Again, is it required ?
     
  4. bigdogjasonp

    bigdogjasonp New Member

    0
    May 9, 2009
    Professional Status:
    Certified General Appraiser
    State:
    Texas
    USPAP does not require a photograph.
     
  5. bigdogjasonp

    bigdogjasonp New Member

    0
    May 9, 2009
    Professional Status:
    Certified General Appraiser
    State:
    Texas
    USPAP does not require you to take a photo.
     
  6. Stone

    Stone Elite Member

    13
    Feb 1, 2002
    Professional Status:
    Certified General Appraiser
    State:
    Wisconsin
    First, USPAP doesn't say a darn thing about viewing or photographing sales.
     
  7. leelansford

    leelansford Elite Member

    45
    Mar 29, 2002
    Professional Status:
    Certified Residential Appraiser
    State:
    Illinois

    To answer your question:

    If your client requires that you view an active listing that is included in your appraisal, this requirement becomes an assignment condition. Thus, not to comply with this assignment condition would be contrary to compliance with the USPAP.
     
  8. Ken B

    Ken B Elite Member

    110
    Feb 18, 2004
    Professional Status:
    Certified General Appraiser
    State:
    Florida
    USPAP does not require any sort of inspection of any property. It does require that the appraiser have adequate information regarding a subject property to develop a credible opinion about the property.

    However, if your client requires original images of active listings taken by the appraiser from the street, then that is a scope of work requirement which must be satisfied.
     
  9. leelansford

    leelansford Elite Member

    45
    Mar 29, 2002
    Professional Status:
    Certified Residential Appraiser
    State:
    Illinois

    USPAP only "requires" this IF such is a part of the SOW for a particular assignment.
     
  10. Stone

    Stone Elite Member

    13
    Feb 1, 2002
    Professional Status:
    Certified General Appraiser
    State:
    Wisconsin
    Just like in the other thread - do what you say you did. If your certs are going to say you inspected the listings from the street, then do that. If your client is OK with you saying you didn't inspect your listings, then say that.
     
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