Any comments from the foundation on conformity problems with USPAP?
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STANDARD 2(a)(vii)
When any portion of the work involves significant real property appraisal assistance,
the appraiser must summarize the extent of that assistance. T
he name(s) of those
providing the significant real property appraisal assistance must be stated in the
certification, in accordance with Standards Rule 2-3
STANDARD 2(b)(vii)
When any portion of the work involves significant real property appraisal assistance,
the appraiser must summarize the extent of that assistance. The name(s) of those
providing the significant real property appraisal assistance must be stated in the
certification, in accordance with Standards Rule 2-3
STANDARD 2-3
The names of individuals providing significant real property appraisal assistance who do not
sign a certification must be stated in the certification. It is not required that the description of
their assistance be contained in the certification, but disclosure of their assistance is required
in accordance with Standards Rule 2-2(a)(vii) or 2-2(b)(vii) as applicable.
STANDARD 2(b)
The content of a Restricted Appraisal Report must be consistent with the intended use of the
appraisal and, at a minimum:
The Restricted Appraisal Report is
for client use only. Before entering into an
agreement, the appraiser should establish with the client the situations where this
type of report is to be used and should ensure that the client understands the
restricted utility of the Restricted Appraisal Report.
AMCs are not allowed. They are by definition 3r parties, yet they are the "client" that engaged you, and through which you transmit your report.
STANDARD 2(b)(viii)
Comment: An appraiser must maintain a specific, coherent workfile in support of a
Restricted Appraisal Report. The contents of the workfile
must include sufficient
information to indicate that the appraiser complied with the requirements of
STANDARD 1 and for the appraiser to produce an Appraisal Report.
You want to do one for the property owner, why would you want someone else to send you the pictures???? 'Cause you don't even need pictures for a Restricted Report. Oh wait, do you need those pictures because there is more than one intended user, yet someone is asking for a Restricted Report????
Ghee is someone trying to get you to perform an appraisal really cheap, by calling it something else, or by influencing your opinoins by having ADDITIONAL 3rd parties take pictures to send to you? And your verification process for those pictures is?????
Don't feed the beast and you won't get eaten down the road.
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