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1004-d

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FIDELITO

Freshman Member
Joined
Jun 9, 2008
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Appraiser Trainee
State
Florida
Hello guys and gals: my question : I did an assingment on January 15 ,now i received an request from the same lender asking for a 1004-D (update value) form from the same appraisal,is this legal after all this time ?,of course they pay me for this request,but 5 months after ?...thanks for your attention
 

Mike Garrett RAA

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Jan 14, 2002
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Certified Residential Appraiser
State
Colorado
I would think that is exactly what that form was designed to do.
 

c w d

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Oct 2, 2006
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General Public
State
Florida
Hello guys and gals: my question : I did an assingment on January 15 ,now i received an request from the same lender asking for a 1004-D (update value) form from the same appraisal,is this legal after all this time ?,of course they pay me for this request,but 5 months after ?...thanks for your attention

Yes, you will state that the value as of the effective date of the original appraisal is valid.

If they're asking if that value is valid as of today, that would be a new assignment.
 

Rufus

Junior Member
Joined
Apr 3, 2008
Professional Status
Licensed Appraiser
State
Indiana
I 'm asking positive reply for my question,of course i have a supervisor ,but i like to get others opinions,if you don't have anything good for me,just shut up....you MR Boyd

I am making the extraordinary assumption that your post reflects frustration in your current circumstances but I must say; this is certainly not a tried and true method of gaining help. In another post you cross the line by refering to a member as a "moron" and this violates forum rules as well as showing immaturity and just plain bad manners.

That said, try this thread for good information on 1004D.

http://appraisersforum.com/showthread.php?t=139671
 

The Warrior Monk

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Mar 30, 2005
Professional Status
Certified General Appraiser
State
New York
Thread moved to Newbie section...keep it civil, please.

With regard to the OP, keep in mind that the 1004d is a new appraisal. Keep in mind that the 1004d is a Summary Appraisal Report, and you will need to conform to Standard 2-2(b); that won't happen if you simply fill out that form.

Whether or not the 1004d is acceptable depends on the assignment conditions of the intended user. For example, Fannie has certain time guidelines (which I'm not familiar with), which would tell you whether or not the assignment request was acceptable.
 
Joined
Jan 13, 2002
Professional Status
Retired Appraiser
State
Florida
FIDELITO,

Have you taken the Florida Law class yet? I think it should have been part of your initial appraisal classes, but just in case you missed or forgot parts of it, here is a link to our Florida Real Estate Appraisal Board (FREAB):

http://www.myfloridalicense.com/dbpr/re/freab.html

here is something that all FL appraiser trainees need to know:

http://www.leg.state.fl.us/statutes/index.cfm?App_mode=Display_Statute&Search_String=&URL=Ch0475/SEC6221.HTM&Title=->2007->Ch0475->Section%206221#0475.6221
The 2007 Florida Statutes

Title XXXII
REGULATION OF PROFESSIONS AND OCCUPATIONS Chapter 475
REAL ESTATE BROKERS, SALES ASSOCIATES, SCHOOLS, AND APPRAISERS View Entire Chapter

475.6221 Employment of and by registered trainee real estate appraisers.--

(1) A registered trainee real estate appraiser must perform appraisal services under the direct supervision of a licensed or certified appraiser who is designated as the primary supervisory appraiser. The primary supervisory appraiser may also designate additional licensed or certified appraisers as secondary supervisory appraisers. A secondary supervisory appraiser must be affiliated with the same firm or business as the primary supervisory appraiser and the primary or secondary supervisory appraiser must have the same business address as the registered trainee real estate appraiser. The primary supervisory appraiser must notify the Division of Real Estate of the name and address of any primary and secondary supervisory appraiser for whom the registered trainee will perform appraisal services, and must also notify the division within 10 days after terminating such relationship. Termination of the relationship with a primary supervisory appraiser automatically terminates the relationship with the secondary supervisory appraiser.

(2) A registered trainee real estate appraiser may only receive compensation through or from the primary supervisory appraiser.

(3) A supervisory appraiser may not be employed by a trainee or by a corporation, partnership, firm, or group in which the trainee has a controlling interest.

History.--s. 3, ch. 2001-274; s. 14, ch. 2003-164; s. 81, ch. 2004-5; s. 7, ch. 2006-198.
 

Francois K. Gregoire

Senior Member
Joined
Jan 14, 2002
Professional Status
Certified Residential Appraiser
State
Florida
Also to consider is:

475.611 Definitions.--

(n) "Registered trainee appraiser" means a person who is registered with the department as qualified to perform appraisal services only under the direct supervision of a licensed or certified appraiser. A registered trainee appraiser may accept appraisal assignments only from her or his primary or secondary supervisory appraiser.
 
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