Acceptable disclaimer?

[RSW]

It sounds to me like he is trying to say that a comp search is not an appraisal in a round about way.

 

[Rufus]

I'm trying to figure out exactly what this disclaimer means.

It is a most fascinating phenomenon but one which leaves the mind facing a myriad of possibilities, alternatives, and conclusives that are at best strictly hypothetical with no sound basis in fact.

 

[Ken B]

The statements were included on the bottom of an email from another appraiser to me. No appraisal was associated with or discussed in the email, so the statements appear to me to be something similar to standard email CYA boilerplate. With no context to associate with the statements, I was having difficulty understanding the intent or purpose of the comments. While they may be consistent with an "old-timer" or anti-tech appraiser, I know neither of these descriptors are even close to being correct. Who knows...

 

[GeorgiaCG]

Why don't you ask the sender what he thinks it means and let us know...

CT

 

[GeorgiaCG]

Hmmm, I guess that means we can not do restricted reports any more...

This individual has a poor grasp on things. Even his/her use of the terms "narrative" and "form" are not correct, and should be "self contained" and "summary".

I write self contained, summary & restricted reports all the time. They're usually in a narrative format, though sometimes clients request a form format, such as a 1004, 1073, etc... for residential properties.

CT

 

[Joyce Potts]

The statements were included on the bottom of an email from another appraiser to me. No appraisal was associated with or discussed in the email, so the statements appear to me to be something similar to standard email CYA boilerplate. With no context to associate with the statements, I was having difficulty understanding the intent or purpose of the comments. While they may be consistent with an "old-timer" or anti-tech appraiser, I know neither of these descriptors are even close to being correct. Who knows...

Why would anyone care if it was attached to an e-mail that didn't have any part of an appraisal as an attachment?

 

[incognito]

Mr. Tea,

You have to be careful about terminology, when you communicate as a professional with clients. One of the benchmarks of a profession is that there be a special, defined, universally understood within the profession vocabulary. You state:

I write self contained, summary & restricted reports all the time. They're usually in a narrative format, though sometimes clients request a form format, such as a 1004, 1073, etc... for residential properties.

The term narrative, though not defined by USPAP, does have a specific definition in the appraisal world. Per The Dictionary Of Real Estate Appraisal, Appraisal Institute, the definition is "The most complete type of appraisal report..."

As such, I don't think you can state properly that your residential form reports are "narrative", and I seriously doubt that any restricted report could be termed "narrative".

 

[Ken B]

Why don't you ask the sender what he thinks it means and let us know...

CT

I understand what you saying, but, with regard to the disclaimer and similar writings, what one states, what one means, and how the statement is perceived are different things. I suppose I am asking how the disclaimer is perceived. There have been a variety of perceptions reported on this thread. I guess my point is that what one may think is plainly obvious, may not be so obvious to others.