An Interesting Read for Those Still working

[djd09]

The COMPETENCY RULE in USPAP says that even if you don't have that experience, you can gain the necessary competency, provided you provide proper notice to the client prior to acceptance of the assignment and proper documentation in the report. (lines 383-396 in the COMPETENCY RULE)

The GSEs, on the other hand, do not allow for the flexibility. They require prior experience with a similar property in the same market area.

is this what you tell your mortgage brokers before they waive the appraisal...