I'm Stunned - Is It Me?

[Mr Rex]

Indeed you don't get it.

 

[jdbiggers]

Sorry, I don't understand everyone's confusion. The aprpaiser clearly is saying that the client did, in fact, make anunreasonable request for a 24 hour turn time and, while he had tried, such was not possible because her preferred to do the job correctly. He is basically stating that the "sophisticated user" knows that such requests are not practical and neither he nor the client could expect such a time limitation to be met and that is why it was not.

John

 

[PropertyEconomics]

I think it's good the appraiser put that in...the client requires 24 hr turn time, the appraiser deserves to comment that it could affect quality of report. Why do you guys object to that? I don't get it.

With all due respect, please show me the different "levels" of quality allowed by USPAP?

 

[Hamlet]

I think it's good the appraiser put that in...the client requires 24 hr turn time, the appraiser deserves to comment that it could affect quality of report. Why do you guys object to that? I don't get it.

If you cannot meet the SOW requirements in that time frame, turn down the assignment, don't try to SOW it away. Are you offering a fried hamburger, or flame broiled?

 

[Hamlet]

Sorry, I don't understand everyone's confusion. The aprpaiser clearly is saying that the client did, in fact, make anunreasonable request for a 24 hour turn time and, while he had tried, such was not possible because her preferred to do the job correctly. He is basically stating that the "sophisticated user" knows that such requests are not practical and neither he nor the client could expect such a time limitation to be met and that is why it was not.

John

Obviously the client expected it, or they would not have imposed it. Turn down unreasonable demands.

 

[PropertyEconomics]

Sorry, I don't understand everyone's confusion. The aprpaiser clearly is saying that the client did, in fact, make anunreasonable request for a 24 hour turn time and, while he had tried, such was not possible because her preferred to do the job correctly. He is basically stating that the "sophisticated user" knows that such requests are not practical and neither he nor the client could expect such a time limitation to be met and that is why it was not.

John

Sounds like the appraiser has violated a contractural obligation with his client and then tried to justify why.

 

[Wesley Smock]

This question came up in a Michigan Law update class I took this spring. It was an AI instructor/paired with the 7 hour USPAP update class. There was one or two people in attendance from the State of Michigan Appraisal office. It was very strongly stated that a short turn time requirement did not relieve or excuse an appraiser from doing due diligence on every report. In fact, they were showing very little humor in many of today’s tends in shortcuts. This includes fining appraisers for not havening vacant land sales in their work files and not taking the time to look up complete sale and transfer histories. USPAP is law in Michigan

 

[c w d]

Even tho the supplemental standards rule has been abolished, if you agree to certain performance requirements and fail to meet those, it could be considered a violation of your agreement with the client, and as such a USPAP violation.

It could also be a violation of USPAP to allow assignment conditions to affect one's ability to produce credible assignment results.

 

[panappr]

Look... Turn times need to be outlawed or not stated, just like the owners opinion of value, or anything else that prevents an appraiser from producing a creditable report by the client. Its a great model to insure the "24/48" if every property was exactly the same. Maybe USPAP 2010.

If it takes 3 days or 7 days or 2 weeks.... then so be it. However, I do suppose if I had absolutely nothing on my plate, I could do 1 in 24 hrs, but that would be highly unlikely. And what if you get a wapping 3 reports backed up? That I'd like to see from beginning to end.

 

[Mike Phillips]

I have several issues with the appraiser's comments - I'll mention one now.

Recall his comment:

"I disclose the turn time requirement (implication – it is unreasonable) and disclose my best efforts to meet my clients requirement. If pressed (in Court) I would argue that my client was a sophisticated user of appraisal services and knew (or should have known) that 24 hours was not sufficient time to properly verify data."

My bold.

He is the SCRA - the expert. He agreed to a certain SOW when he accepted the assignment, but at some point during the assignment he was prevented from fullfilling his obligation. Let's say he faced a legitimate obstacle just to be fair. Does he call his client and revise the scope of work or ask to have the due date extended. Apparently not, in fact, his defense is (my words) the client should have known the SOW was unreasonable given the delivery requirement in the first place. Does the expert appraiser accept responsibility for his action - NO - he blames the "sophisticated user" who should have known better.