Desktop Restricted Use Appraial Report

[John A Williams]

I have been asked to appraise a property without an interior or exterior "inspection". With the Scope of work requirements can I do this report on a Desktop Resticted Use Appraisal Report and still be compliant within USPAP? BTW I do understand that there is no longer a restricted report.
Thanks,
John

 

[Mountain Man]

You can do it, USPAP doesn't require an inspection. As for Restricted, that has not changed... we still have restricted, summary, and self contained reports. What we no longer have is departure, so no more limited or complete. You, as the appraiser, have to decide if the client's desire for a cheap restricted report is acceptable given the deminimus and scope of work.

 

[Jim Onderisin]

I may be wrong, but my understanding is that the three report types, Self Contained, Summary and Restricted still exist in USPAP. What went away were the concepts of Complete and Limited appraisals and the related notion of Departure.

 

[CANative]

I have been asked to appraise a property without an interior or exterior "inspection". With the Scope of work requirements can I do this report on a Desktop Resticted Use Appraisal Report and still be compliant within USPAP? BTW I do understand that there is no longer a restricted report.
Thanks,
John

Yes, as long as the appraisal and the report are still compliant with USPAP.

 

[hastalavista]

Yes, as long as the appraisal and the report are still compliant with USPAP.

Ditto. Make sure you write an appropriate SOW and employ appropriate EAs.

 

[Richard Carlsen]

You can do a Restricted Use Report if the client specifically agrees to this form of reporting. Otherwise, it cannot be used.

There is nothing that says you have to visit the property. If you have appraised it before, you have data. If not, you have to make sure your data is reliable. It cannot be used by anybody else for anything but the client. There can only be one user.

Be clear that you state that you did not inspect the interior or exterior and be doubly sure that this kind of report will cover the clients needs/wants.

 

[John A Williams]

M Leggett,
Thank You for the information. I am the typical lurker and was worried about getting smashed as an idiot or a trainee which i am not. I do believe that the information on this forum is helpful and should be required reading thoughout the appraisal profession.
Thanks Again,
John

 

[Mountain Man]

I am the typical lurker and was worried about getting smashed as an idiot or a trainee which i am not.

Well now we can fix that. :icon_lol:

Departure has always been so misunderstood, even within the appraisal world, that it was scraped. It's kind of hard to enforce the rules when a majority don't understand the rules. Just do like Richard said... clearly state and disclose what you did, or did not do.

 

[Fred]

and employ appropriate EAs.

I would just call them "A's" because they inevitably accompany a "Desktop" scope. On this forum, however, all assumptions are "extraordinary."

 

[Ross (CO)]

John,.....What is the Intended Use of your report ? Have you asked your client WHY they do not want you to view the interior or close-exterior of this property ? That.....is surely a fair question to pose. Are you writing this as a narrative format report ?