Date Of Report

[Atlanta CG]

Yellow highlight line is what you change...the red stays the same
View attachment 32983

If the effective date is the date of inspection, why would you change that for a minor report correction, say a spelling error or other such which does not require going back out to the property. Sorry, maybe I'm dense but I just don't understand that. A week later correcting a spelling error is not an inspection date.

 

[Mr Rex]

If the effective date is the date of inspection, why would you change that for a minor report correction, say a spelling error or other such which does not require going back out to the property. Sorry, maybe I'm dense but I just don't understand that. A week later correcting a spelling error is not an inspection date.

Got USPAP?

136. DATE OF REVISED REPORT
Question: In response to a client request, I recently made some minor edits to a report. The assignment results were unchanged, but I corrected a few minor typographical errors and entered the census tract number which had been omitted from the original report. Because the results did not change, this was essentially the same report, so I did not change either the effective date or the date of the report. My client now wants me to resubmit the report with the current report and certification date. Should the new report be dated as of the date revised?

Response: Yes. The date of the revised report should be the date that it is completed and transmitted to the client. According to USPAP, a report is a communication “transmitted to the client upon
completion of an assignment.” Since, in this case, a new report is being completed and transmitted, it should be dated accordingly. This is true even when the only changes are minor corrections and the assignment results are unchanged.
In addition, if the certification is dated, that date should also be based on the date the report is resubmitted. In the resubmission, the appraiser is certifying the content of the revised report, so
any certification date cannot precede the completion of the revisions.

 

[Atlanta CG]

Yellow highlight line is what you change...the red stays the same
View attachment 32983

If the effective date is the date of inspection, why would you change that for a minor report correction, say a spelling error or other such which does not require going back out to the property. Sorry, maybe I'm dense but I just don't understand that. A week later correcting a spelling error is not an inspection date.

Got USPAP?

136. DATE OF REVISED REPORT
Question: In response to a client request, I recently made some minor edits to a report. The assignment results were unchanged, but I corrected a few minor typographical errors and entered the census tract number which had been omitted from the original report. Because the results did not change, this was essentially the same report, so I did not change either the effective date or the date of the report. My client now wants me to resubmit the report with the current report and certification date. Should the new report be dated as of the date revised?

Response: Yes. The date of the revised report should be the date that it is completed and transmitted to the client. According to USPAP, a report is a communication “transmitted to the client upon
completion of an assignment.” Since, in this case, a new report is being completed and transmitted, it should be dated accordingly. This is true even when the only changes are minor corrections and the assignment results are unchanged.
In addition, if the certification is dated, that date should also be based on the date the report is resubmitted. In the resubmission, the appraiser is certifying the content of the revised report, so
any certification date cannot precede the completion of the revisions.

I'm well aware of this. It is just that I don't understand it. If the inspection date is the effective date, then changing that infers that I've reinspected the property when I haven't.

 

[Mr Rex]

You do not change the effective date. Ever wonder why there are 2 dates on the signature page?

 

[DWiley]

If the effective date is the date of inspection, why would you change that for a minor report correction....

You wouldn't change the effective date. But you would change the report date.

 

[timd354]

You wouldn't change the effective date. But you would change the report date.

It is amazing how people can get tied up into knots and become so confused over something so simple.

 

[leasedfee]

It is amazing how people can get tied up into knots and become so confused over something so simple.

Agreed and up vote. USPAP muddles every concept in long paragraphs of regulatory-talk gobbledygook. So many resi appraisers whose inspection date, effective dates, and transmittal dates occur within days of each other struggle with the concepts.

 

[J Grant]

A Cert General posted the date question in this thread.

I agree USPAP is overly cryptic and uses linguistic spaghetti to address simple concepts.

 

[timd354]

Agreed and up vote. USPAP muddles every concept in long paragraphs of regulatory-talk gobbledygook. So many resi appraisers whose inspection date, effective dates, and transmittal dates occur within days of each other struggle with the concepts.

I don't think that it is reasonable to blame USPAP for the confusion over the concept of report date versus effective date.

 

[residentialguy]

If the effective date is the date of inspection, why would you change that for a minor report correction, say a spelling error or other such which does not require going back out to the property. Sorry, maybe I'm dense but I just don't understand that. A week later correcting a spelling error is not an inspection date.

I think you better re-read my post. I never said such a thing.