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Against the Law to ask for designation

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Restrain

Thread Starter
Elite Member
Joined
Jan 22, 2002
Professional Status
Certified General Appraiser
State
Florida
My wife just completed her 15 hour USPAP class (1 hour of knowledge, 14 hours of pap) in Dallas. While there, the instructor stated that it was now illegal to ask an appraiser if they had a designation and what it was. Now, I know that they made some changes, but I had never heard of that. Any answers, thoughts?
 

Neil (Texas)

Sophomore Member
Joined
Jan 16, 2002
Professional Status
Certified General Appraiser
State
Texas
The client may ask what designation the appraiser has, if any. However, the lender CANNOT stipulate that the appraiser must have a certain designation.

In the real world, its done every day, just not openly.
 

Paul Ness MAI

Member
Joined
Jan 14, 2002
Professional Status
Certified General Appraiser
State
Pennsylvania
There's an important distinction here. For Federally related transactions that require a certified or licensed appraiser, Uncle Sam says the lender can not require a designated appraiser...and that is where it stops. Any other user for any other purpose can require any designation they want.
 

bradellis

Member
Joined
Jan 16, 2002
Hi folks,

1. A lender MAY ask for a designation.

2. A lender may NOT choose appraisers SOLELY based upon having a designation; HOWEVER, any client MAY consider designations in their selection of appraisers.

Brad Ellis, IFA, RAA
 
A

Anonymous

Guest
And the one they ask for? MAI. Never heard of anyone asking for other designation. Note too, many govt agencies and lawyers do want to know and are prone to attempt to impeach those appraisers who do not have some designation.
 
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