Appraisal With No Inspection By Appraiser?

[hastalavista]

Your fake indignation duly noted

My indignation is sincere, since we are an appraiser forum and talking about appraisers. I am indignant at your continued insertion of non sequiturs from someone who I believe knows better.

@Denis DeSaixEvaluation rarely involves valuation.

Maybe for those other professions you cite, but for ours, evaluations have a specific valuation definition. Not rarely... typically.

And the function of the inspection isn' t to appraise it. Again these false canards hide the fact thy are almost certainly off the state board radars not to mention USPAP questionable.

I see you have decided not to read the AO. Your choice.

But your explicit theme is that if an appraiser, hired as an appraiser to inspect a property and provide an inspection report, because that inspection report isn't an appraisal, is therefore not under the purview (off the radar) of the appraisal regulatory boards is sadly mistaken. No harm if you believe that, since you'll never do any of these assignments. Potential harm if others believe it and they think they can do an inspection, when hired to do it because they are an appraiser, and have no regulatory risk.

 

[Terrel L. Shields]

they can do an inspection, when hired to do it because they are an appraiser

My state has explicit language that an appraisal license does not trump other professions. You are suggesting that a Realtor must comply with USPAP to provide a CMA or BPO...that one cannot wear a separate hat. A seller might even take into consideration your appraisal experience but agent service is not valuation. Since I am not holding out my license to secure such jobs, nor affixing my stamp to the photos or signing as an appraiser NOR making any judgments (just the facts, ma'am), my job is not "valuation." And when the **** can we read a clients mind? AO 21 is another idiot epistle from bozos at TAF, ill thought-out and utterly pointless. Avoiding this is simple as telling them you are not acting in your capacity as an appraiser, I am acting as photographer and inspector.

Remember when completion inspections didn't require a license stamp? I do.

 

[hastalavista]

My state has explicit language that an appraisal license does not trump other professions. You are suggesting that a Realtor must comply with USPAP to provide a CMA or BPO...that one cannot wear a separate hat.

(my bold)

For the life of me, I cannot understand how on earth you read that into my posts.
I am saying appraisers must comply with the USPAP when engaged as an appraiser. I cannot break it down for you any further.

 

[djd09]

AO 21 is another idiot epistle from bozos at TAF, ill thought-out and utterly pointless.

You are being too nice. What is an AO?

 

[Terrel L. Shields]

I am saying appraisers must comply with the USPAP when engaged as an appraiser.

Hybrid by definition is an INSPECTION plus a separate APPRAISAL. They are not a hybrid when you do both.

 

[hastalavista]

Hybrid by definition is an INSPECTION plus a separate APPRAISAL. They are not a hybrid when you do both.

Ok, Terrel, let me ask you this question:
You are a licensed appraiser. You are engaged because of your appraisal license to do the inspection-only component of an appraisal. Specifically, this client only uses licensed appraisers as inspectors. The appraisers who do the inspection don't do the valuation and they don't sign the certification. They drive-by the house, confirm it is there, and take a few exterior photos. They even will note, "from the street, it appears to be a 1-story house with no readily observable damage or needed repairs. The photo included depicts the level of observation."

What are the USPAP requirements (if any) that the licensed appraiser must follow if they are engaged to inspect the property in the scenario described above?

 

[Terrel L. Shields]

Specifically, this client only uses licensed appraisers as inspectors.

Who does that?

The appraisers who do the inspection don't do the valuation

Then we inform the client we are not acting as an appraiser, but as a photographer.
And listen to Phil's new show, the goal is an interior, not exterior inspection.

What are the USPAP requirements (if any) that the licensed appraiser must follow if they are engaged to inspect the property in the scenario described above?

Only an idiot would agree to wear their appraiser hat for $50. Do you do them? If not, who does? Unicorn Appraisal Co.? And if not acting as an appraiser, then they have no obligation under USPAP. AO-21 is expanding the term inappropriately and if taken by its word, Realtors who hold appraisal licenses cannot prepare a CMA or BPO.

 

[Evincere]

Denis DeSaix said: ↑
Specifically, this client only uses licensed appraisers as inspectors.

Who does that? .

Therein is the $50,000 unanswered mystery question. Note - the title of this thread.

 

[Terrel L. Shields]

herein is the $50,000 unanswered mystery question

House Canary says they use home inspectors (not appraisers)

"from the street, it appears to be a 1-story house with no readily observable damage or needed repairs. The photo included depicts the level of observation."

That is more than a statement of fact, is opinion, and the inspector would be rendering more than observation. The appraiser would need to name that person as providing significant assistance.

 

[hastalavista]

Some one mentioned Dodge Ball Kings and how they are all over this forum.

He was right.

Good luck, Terrel!