When is a Review Required to meet Std 3?

[alebrewer]

It was one of the steps the reviewer undertook in preparing the review.

If a formal review was even ever prepared or submitted - which was left out of the OP's comment.

 

[jay trotta]

"Advisory Opinion 20" (AO 20) (2019)

 

[Pittsburgh Pete]

If a formal review was even ever prepared or submitted - which was left out of the OP's comment.

And she may never know as she is not the client. Way too many assumptions flying hither and yon!

 

[djd09]

of course it was a std 3 review. turn them in.

 

[Joyce Potts]

What Joyce received was not the appraisal review. It was one of the steps the reviewer undertook in preparing the review.

How do you know that?

 

[George Hatch]

George, they sent the review to both me and copied several people at the lender. That's all they sent me.

When I went over her head to the chief MAI appraiser he did NOT indicate any other undelivered reviews, even when I asked if there were any. Was that it? He said yes. Again, I have no problem with mistakes or disputes over facts. What I take issue with is opining to the development and reporting of several elements of my appraisal that are market specific and clearly MY assignment results.

Why am I subject to USPAP, but this fee reviewer from another state, not?

If that's the entirety of what happened then I agree that they should have met the benchmarks for the service. I'd say that whomever it is at your client who is managing this process is cutting corners, too.

 

[Mike Kennedy]

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[PDF]Common Errors and Issues in Review - Appraisal Institute

https://www.appraisalinstitute.org › assets › exp-commonerrorsissues-review
Under USPAP, such activities are not subject to Standards 3 and 4, but other parts of USPAP would still apply, notably the Ethics and Competency Rules. Also, to be an appraisal review report or review report under standards, the opinion about quality must be communicated (orally or in writing) to a client.

 

[Meandering]

Search Results
Web results
[PDF]Common Errors and Issues in Review - Appraisal Institute
https://www.appraisalinstitute.org › assets › exp-commonerrorsissues-review
Under USPAP, such activities are not subject to Standards 3 and 4, but other parts of USPAP would still apply, notably the Ethics and Competency Rules. Also, to be an appraisal review report or review report under standards, the opinion about quality must be communicated (orally or in writing) to a client.

And what part of USPAP does not apply, or when?

 

[alebrewer]

How do you know that?

The context of your post was that the reviewer 'called' you - are you saying the reviewer forwarded you a copy of their S4 review report?

 

[alebrewer]

And what part of USPAP does not apply, or when?

This is a part of the Article you just cited:
"Making factual statements about the report (for instance, “the appraiser is licensed,” “the report is signed,” “the comparables are located within a mile of the subject,” or “the comparable sold within less than 6 months”) does not constitute an appraisal review or review. Under USPAP, such activities are not subject to Standards 3 and 4, but other parts of USPAP would still apply, notably the Ethics and Competency Rules. Also, to be an appraisal review report or review report under standards, the opinion about quality must be communicated (orally or in writing) to a client. Giving feedback solely to the appraiser, such as in the case of peer review, does not constitute a review subject to standards."