Can I accept previously appraised assignment?

[Marketwatch]

Please excuse the stupid question, but I know Chase is requiring a statement in the appraisal that "subject has not been appraised by inspecting appraiser in past 36 months"; this assignment is not for Chase, but have I missed something that an assignment that I previously appraised within the past 3 years cannot be accepted, or is it a matter of disclosing that it has been?

 

[Lee Lansford]

Look at your current edition of the USPAP; see the ETHICS RULE; see lines 231-241.

Once you become aware that you have provided a prior service (not limited to appraising the property) within the past 3 years, notify (fyi: do it in writing, keeping a copy in your workfile) the client. Allow the client to decide whether or not you are to proceed.

If you conduct the current assignment, disclose in the report certification (fyi: if a Fannie form report, this disclosure may have to take place PROMINANTLY in another area of your report of the appraisal) the prior service.

 

[Tony V]

You have to notify the client that you have serviced the property within the past 3 years and allow them to decide if they wish for you to continue.....from there, if they say go ahead, you must then put in the certifications that you performed (whatever service) within the past 3 years....There is nothing saying that you cannot do an appraisal on the property...
USPAP requirement......
ETHICS RULE

U-8 USPAP 2010-2011 Edition
©The Appraisal Foundation
If known prior to accepting an assignment, and/or if di 231 scovered at any time during the assignment,
232 an appraiser must disclose to the client, and in the subsequent report certification:
233 any current or prospective interest in the subject property or parties involved; and
234 any services regarding the subject property performed by the appraiser within the three
235 year period immediately preceding acceptance of the assignment, as an appraiser or in any
236 other capacity.
237 Comment: Disclosing the fact that the appraiser has previously appraised the property is permitted
238 except in the case when an appraiser has agreed with the client to keep the mere occurrence of a
239 prior assignment confidential. If an appraiser has agreed with a client not to disclose that he or she
240 has appraised a property, the appraiser must decline all subsequent assignments that fall within the
241 three year period.

 

[Cob]

I was told @ my USPAP update class that the 2012 will require that you put the statement in EVERY report that you have OR have not performed any service on the subject property in the past 36 months.

So EVERY report starting in 2012 you will have to put in a comment in every report, regardless if you have performed any service on the subject property or not!

 

[PropertyEconomics]

Please excuse the stupid question, but I know Chase is requiring a statement in the appraisal that "subject has not been appraised by inspecting appraiser in past 36 months"; this assignment is not for Chase, but have I missed something that an assignment that I previously appraised within the past 3 years cannot be accepted, or is it a matter of disclosing that it has been?

I seriously have to wonder how you were re-certified in the current cycle without taking the USPAP update class? Or did you sleep through it? Not only is it a stupid question it is insulting that you are certified and do not know the answer to this most basic question. I can only assume every appraisal you have done for the past year and a half have been done incorrectly? m2:

 

[Doug DeMars]

Gee PE, he did say "Please"

 

[VolcanoLvr]

I have to agree with the 'gentleman' from New Mexico, and the others who have given correct advice.

Far too many 'appraisers' are clueless about USPAP. But the ASB is largely responsible for the lack of true understanding because they do not require adequate and continuing education about USPAP basics.

Taking a 15 hour course when first entering this crazy business (how many years ago?), and then a short update about changes to the 'bible' every two years is dismal.

USPAP is not really that difficult to understand. It does take a bit of study. But too many 'appraisers' have become complacent, believing that the mama fannie forms are USPAP compliant. Just check the boxes here and there, and be done with it. I hate to give you bad news....but the FORMS are not USPAP compliant in all respects. In fact, the forms are mostly NON-COMPLIANT.

Is it any wonder that 'appraisers' don't know answers to basic questions?

 

[Don Clark]

I have to agree with the 'gentleman' from New Mexico, and the others who have given correct advice.

Far too many 'appraisers' are clueless about USPAP. But the ASB is largely responsible for the lack of true understanding because they do not require adequate and continuing education about USPAP basics.

Taking a 15 hour course when first entering this crazy business (how many years ago?), and then a short update about changes to the 'bible' every two years is dismal.

USPAP is not really that difficult to understand. It does take a bit of study. But too many 'appraisers' have become complacent, believing that the mama fannie forms are USPAP compliant. Just check the boxes here and there, and be done with it. I hate to give you bad news....but the FORMS are not USPAP compliant in all respects. In fact, the forms are mostly NON-COMPLIANT.

Is it any wonder that 'appraisers' don't know answers to basic questions?

And some, even when assured by TAF that they are wrong, continue to believe that even if you baby sat for the property owner during the past 3 years you could not appraise the property. See attached PDF if you doubt me. And, this person is head of the Arizona Association of Appraisersm2:

 

[PropertyEconomics]

And some, even when assured by TAF that they are wrong, continue to believe that even if you baby sat for the property owner during the past 3 years you could not appraise the property. See attached PDF if you doubt me. And, this person is head of the Arizona Association of Appraisersm2:

Don .... have appraisers taken side jobs of babysitting? I knew the profession was bad but I honestly did not know the economy had fallen to the point appraisers were babysitting on the side ..... Pizza delivery I could believe but BabySitting????

 

[Lee Lansford]

...

I hate to give you bad news....but the FORMS are not USPAP compliant in all respects. In fact, the forms are mostly NON-COMPLIANT.

Is it any wonder that 'appraisers' don't know answers to basic questions?

And, of course, one can't compliantly communicate when one does not compliantly develop.