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Old 03-03-2009, 07:24 AM
Don Clark's Avatar
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Default February 2009 Q & A

This should answer some questions about out of state review appraisers. See attached.

However, it still cautions to check with applicable state laws.
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File Type: pdf February 2009 QA.pdf (33.2 KB, 55 views)
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Old 03-03-2009, 12:11 PM
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"technical review" is not clearly defined in that opinion and should be.
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Old 03-03-2009, 12:43 PM
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So... exactly what is an USPAP compliant Standard 3 Review?

Why should any appraiser pay any attention to USPAP Standard 3 now?
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Old 03-03-2009, 12:51 PM
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Quote:
Originally Posted by Pamela Crowley (Florida) View Post
So... exactly what is an USPAP compliant Standard 3 Review?

Why should any appraiser pay any attention to USPAP Standard 3 now?
The Q&A has nothing to do with this...the question is about appraiser credentials, not USPAP compliance.

Nowhere does is state of imply that appraisers do not have to comply with USPAP. In fact, it implies the opposite, in the case of Federally related transaction. If the appraiser has to have a credential to review in the case of a FRT, whether in or out of state, then obviously they have to comply with USPAP.
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