USPAP Minimum requirement to Inspect

[mark hurlock]

Technically correct (because USPAP requires an appropriate scope of work, which may or may not include an inspection) but misleading, because USPAP doesn't have an "Inspection Rule".

Exactly!


Parts of USPAP are very poorly written. The AO statement "An inspection is not required by USPAP" can be easily misinterpreted. The Scope of Work Rule, which says that the appraiser must determine an appropriate scope of work (sometimes including an inspection) is much easier to understand.

No, provided that you can produce a credible appraisal without re-inspecting the property.

This is why I say some people think USPAP is ambiguous but I say it is just misunderstood. That AO comment is a perfect example.

 

[23Degrees]

There are appraisers who think that because an inspection is never required, they can make up an assumption without a reasonable basis and complete exterior inspections with no data other than what they suppose for the purpose of satisfying a client request.

AKA - appraisers that complete the 2055 (OK, not always, but quite often)

I can understand why some find this discussion foolish but have there not been posters over the years who have come on this forum arguing about this or that and citing that USPAP does not require "this" or "that" while not acknowledging that by accepting an assignment with conditions for "this" or "that" or that by any interpretation would require "this" or "that" for credible results they would be in violation of USPAP if they did not do "this" or "that".

Next time we can just direct them to this thread so they won't be confused about USPAP anymore.

What say you to that? Or this if you prefer.

 

[Michigan CG]

I am working on an assignment for a 200 unit mini storage facility. There was no inspection, and according to my S of W there is none needed. Again, USPAP does not require an inspection, only Scope of Work does.

Pretty simple concept.

 

[Riick]

Pretty simple concept.

Not for these guys.

.

 

[mark hurlock]

AKA - appraisers that complete the 2055 (OK, not always, but quite often)

I can understand why some find this discussion foolish but have there not been posters over the years who have come on this forum arguing about this or that and citing that USPAP does not require "this" or "that" while not acknowledging that by accepting an assignment with conditions for "this" or "that" or that by any interpretation would require "this" or "that" for credible results they would be in violation of USPAP if they did not do "this" or "that".

Next time we can just direct them to this thread so they won't be confused about USPAP anymore.

What say you to that? Or this if you prefer.

Do incompetent or fraudulent appraisers generally advertize in public that they regularly practice any other offenses as well?

No one admits to it on this board so it doesn't happen?

Stop it!

And I never said anyone on this board did any such thing.

 

[mark hurlock]

USPAP does not require an inspection, only Scope of Work does.

Pretty simple concept.

Is the scope of work rule not part of USPAP?

 

[Don Clark]

Is the scope of work rule not part of USPAP?

So is statement 2. Do you "always" do a DCF?

 

[mark hurlock]

So is statement 2. Do you "always" do a DCF?

Does USPAP indicate a DCF is required?

 

[mark hurlock]

So is statement 2. Do you "always" do a DCF?

If you're going to answer a question with a question, so will I.

Here's another. How about you give me a technical definition of the difference between technically required and just plain old required?

Thanks.

 

[KD247]

...citing that USPAP does not require "this" or "that" while not acknowledging that by accepting an assignment with conditions for "this" or "that" or that by any interpretation would require "this" or "that" for credible results they would be in violation of USPAP if they did not do "this" or "that". ...

Are you saying that it's impossible to complete a credible appraisal of a residence without an interior inspection? If so, that would support this statement:

... Most residential appraisers appear to be unable to differentiate USPAP from GSE requirements.