Gridding sales with adjustments, must comply w/ USPAP?

[Em Tee]

granted, I wouldn't feel comfortable "gridding" the comps in one of our standard forms because I think it might appear as an appraisal so I would probably do it in excel format.

What difference is there between "gridding" on a form or on an excel spreadsheet? Plenty of appraisers never use forms for their appraisals.

m2:

 

[Hamlet]

Jonathan,

Anytime an appraiser uses their judgment to select the comps it becomes an appraisal. An appraisal is a range of value as well as a specific number. USPAP does not dictate the methodology used, it only requires that the opinion be supported and credible.

Adjustments do not have to be dollar specific for example, they can be a rated as superior, equal or inferior.

It is not an appraisal if the client selects the criteria and what comps to provide.

 

[Mike Garrett RAA]

Simply put...when acting as an appraiser you should comply.

Does what you are doing fall under appraisal practice? Is it an appraisal? Attend a USPAP 7 hour update class and get all the answers.

 

[Webbed Feet]

Simply put...when acting as an appraiser you should comply.

Does what you are doing fall under appraisal practice? Is it an appraisal? Attend a USPAP 7 hour update class and get all the answers.

Or post better, with more information, so everyone can stop guessing what the heck you are posting over and why you are asking what you are asking.

Webbed.

 

[stefan olafson]

When approached by a prospective client you may provide them with all sales within a neighborhood and let them figure out where the subject fits. It's when you limit the number of sales or provide a direction in value within those sales that you are treading on thin ice...


As far as gridding sales, I just wouldn't go there at all.... Give them raw data from the county or other source and let them clean it up to their liking. Gridding may provide a direction in value even though you don't intend to.

 

[Jonathan Kim]

So...

An appraisal was done previously. Subsequently, the client pulled out a sale and said, grid this with adjustments. Put it on 1004 grid, though not with the original appraisal. Just on a separate 1004 grid.

My opinion is that this must follow USPAP. You're acting as an appraiser, making adjustments as an appraiser, therefore, must follow all the standards.

 

[Mike Kennedy]

In most states, Only if the "client" who does it - is a licensed appraiser.

 

[Hamlet]

So...

An appraisal was done previously. Subsequently, the client pulled out a sale and said, grid this with adjustments. Put it on 1004 grid, though not with the original appraisal. Just on a separate 1004 grid.

My opinion is that this must follow USPAP. You're acting as an appraiser, making adjustments as an appraiser, therefore, must follow all the standards.

Jonathan, you post isn't really very clear. Are you saying that the client pulled out sales and ordered someone else (not the original appraiser) to grid the sales and make adjustments? Altering in anyway an appraisers report is fraud.

 

[ddnma]

So...

An appraisal was done previously. Subsequently, the client pulled out a sale and said, grid this with adjustments. Put it on 1004 grid, though not with the original appraisal. Just on a separate 1004 grid.

My opinion is that this must follow USPAP. You're acting as an appraiser, making adjustments as an appraiser, therefore, must follow all the standards.

Jonathan

Could you please be a little more clear as to who wants whom to do what-

I think you are on the correct path in thinking if an appraiser grids a "comp" they must follow USPAP though..

 

[jay trotta]

if you are appraising the appraisal for the appraisal assignemnt for the client who provided those appraisal requests and guidelines, then you needn't worry bout the client, as they have already violated all the appraisal requirements per USPAP/FNMA, so call your local appraisal police and have the assignment assigned to the appraiser who first sought to appraise the forward thinking appraisal requestor, with appraisal vigor.

have you noted this is an AAA assignment.....ROFL