Don Clark
Elite Member
- Joined
- Jan 17, 2002
- Professional Status
- Certified Residential Appraiser
- State
- Virginia
Well, let's just examine this issue. Like most USPAP dilemmas, one should start by looking at the basics - the definitions.
There was no client. No one engaged me to create those documents.
Hence, there was no assignment. As defined in USPAP, and assignment requires an appraiser, a valuation service, and a client. Two of three ain't bad, but there was no client. As disclosed in the posted documents, the client is fictional.
Since there is no assignment, there can be no assignment results.
The documents posted are reports as defined by Webster, but they are not appraisal reports as defined in USPAP. A report is something that is transmitted to a client. No client, no transmission to a client, no report. Since there is no report, there cannot be a misleading report.
Was there an intended user or users? If so, I would argue that a report prepared by an appraiser would need to be USPAP compliant. Unless of course you can show me where there has been a determination by TAF or the ASB that a client is needed when you voluntarily produce a report for demonstration purposes. Many states allow demo reports for one to earn credit toward experience. Wh or whom is the client in that case? No one has ordered an appraisal report in that case, and yet many states accept them for experience.