And the MLS listing reads "Square footage based upon...

[Verne Hebert]

appraisal.

We are a non-disclosure state. A previous appraisal is as good of data as any for a listing, right?

It is a free ride to court.

USPAP says an appraisal report has a client and a purpose.
The state appraisal board takes my money every year for license fees; where is the enforcement?

 

[BigBlueGA]

Is the square footage disclosed in the report considered part of the appraisal or is the definition of an appraisal limited to the areas of the report dealing directly with the establishing of a value estimate?

And to what extent is use by the client limited?

Just food for thought.. can't post my own thoughts on this as the pizza is burning in the oven.. gotta run!

- Brandon

 

[Rob Bodkin]

In Washington the consumer (buyer, person obtaining the $$) is entitled to a copy of the report from the client. Since that is the law then it is logical that they would be an intended user. Not a client but an intended user.

Since that is true then it is reasonable, perhaps logical to assume that they are going to read it and logical/reasonable to assume that they are going to believe that what we say is true and accurate.

Is it then not also reasonable to assume that when the Realtor who lists the home says "so how big is this little slice of heaven?" the homeowner would say that it is X, based on the appraisal.

So the problem is?

What specifically did you want the appraisal board to do?