Evaluation Liability

[Meandering]

Already addressed that,

Although not in the amount of detail you provide,

Which still does not change that USPAP,

was written in 1986 by the Appraisal organizations,

AND ADOPTED INTO FEDERAL LAW, IN 1989.

FIRREA
PUBLIC LAW 101-73


And in either case, it still does not get you around the footnote 17 in the IAEG, back to USPAP.

Dang,

caught in the federal regulatory circle with no way to escape.

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[George Hatch]

Regardless of what a client is willing to accept or what a state board is willing to tolerate, I'm having a tough time understanding why any licensed/certified appraiser would not WANT to include the minimums of USPAP in any eval assignment they perform. It's to our benefit and arguably creates a readily defensible position.

Some things we do for out clients - some things we do for ourselves.

 

[Meandering]

Regardless of what a client is willing to accept or what a state board is willing to tolerate, I'm having a tough time understanding why any licensed/certified appraiser would not WANT to include the minimums of USPAP in any eval assignment they perform. It's to our benefit and arguably creates a readily defensible position.

Some things we do for out clients - some things we do for ourselves.

Maybe because, including all that extra stuff, pushes the eval to an appraisal, and that then becomes a violation of assignment conditions.

Dang!

Another regulatory circle.

Because don't forget,

the IAEG states when evals are REQUIRED, but will let lenders slide with an appraisal.

So how lenders can meet their REQUIREMENT, will depend on the report you produce.

It'll only take one selective reading copy and paste'er regulator to screw up both you and the lender for not meeting what is stated in the regulation as being REQUIRED, which is an eval, and not an appraisal.

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[BRCJR]

Maybe because, including all that extra stuff, pushes the eval to an appraisal, and that then becomes a violation of assignment conditions.

.

Question: Do you not believe you can put as much information in an Evaluation as you desire?

 

[SpartanAG]

And in either case, it still does not get you around the footnote 17 in the IAEG, back to USPAP.

That footnote just directs the reader to AO13. AO's are not part of USPAP. However, the AO just states what several posters have been stating: appraisers can do evaluations as long as they meet the required USPAP and guideline standards.

 

[Meandering]

That footnote just directs the reader to AO13. AO's are not part of USPAP. However, the AO just states what several posters have been stating: appraisers can do evaluations as long as they meet the required USPAP and guideline standards.

Maybe you should then read all the posts to the thread, as,

I'm not yet sufficiently old enough to keep repeating what I and others have said, every hour or two.

Work with me here Spartan, read the thread.

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[Meandering]

Question: Do you not believe you can put as much information in an Evaluation as you desire?

Is this about opinions now?

What I believe?

I believe there is nothing I can put into an evaluation that would not wind me up at a tea party with two state boards, costing me much more money than the nominal price of a cup of tea.


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[SpartanAG]

Maybe because, including all that extra stuff, pushes the eval to an appraisal, and that then becomes a violation of assignment conditions..

How are you violating assignment conditions by giving your client more than their minimum requirements?
It really doesn't take much to make an evaluation comply with USPAP. So when you say "all that stuff" what exactly are you refering to?

I figure the client would be happy to have the additional info, not upset, let alone so upset they would try to send you appraiser jail.

 

[Meandering]

How are you violating assignment conditions by giving your client more than their minimum requirements?
It really doesn't take much to make an evaluation comply with USPAP. So when you say "all that stuff" what exactly are you refering to?

I figure the client would be happy to have the additional info, not upset, let alone so upset they would try to send you appraiser jail.

Please read your USPAP from the preamble, through the definitions, ethics, Competency, and the two reporting standards.

Therein, you will find your answers.

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[BRCJR]

Is this about opinions now?

What I believe?

I believe there is nothing I can put into an evaluation that would not wind me up at a tea party with two state boards, costing me much more money than the nominal price of a cup of tea.


.

No, I asked you a question about a comment you provided.

Matter of fact it was a point blank question and you responded to a question with a question.

So, how do you think an Evaluation can become an Appraisal?