Form_USAP1404272015

[andrew81]

Andrew: Are you saying

Your response implies that prior involvement disclosure needs to be provided on every certification page in the same report. Seems redundant. I added a prior disclosure statement to the 1004 cert page but then deleted it when I started to use the signed USPAP addendum page.

no lol

"in each subsequent report certification" means:
each report that is completed following the prior service, you must disclose the prior service in its certification

 

[ZZGAMAZZ]

no lol

"in each subsequent report certification" means:
each report that is completed following the prior service, you must disclose the prior service in its certification

Thanks. I'm never quite sure whether to take things literally, or try to read between the lines. Get it wrong 100% of the time. Life goes on.

 

[Terrel L. Shields]

prior involvement only needs to be disclosed, absent any detail

no, you need to disclose the nature of the involvement. I did appraise. I did consult. I did mow their lawn. And if multiple times, you need to disclose each one and what service it was, not simply that you did something. I do an annual appraisal for several estates and as such I have to disclose I did those in the past individually and explicitly.

 

[Carnivore]

What is the Client trying to determine with your answer? The Client is trying to determine if there is any conflict of interest. So instead of you making that determination by simply stating you have no conflict of interest. They want to make that determination!


USPAP unintentionally created some ambiguity in Standard 2-3 Pg 23 starting with actually Line 699 - 703. Specifically; (0r the Specified) services, blah blah. I think this is directed at the wider range of Valuation Services. I imagine CG's run into this occasionally.

Someone above gave some examples; RE Brokerage, Loan origination etc If they had included one other Service i.e HVAC Service this would have provided a better understanding to ANY Appraiser or Trainee what the actual Intent of the Certification means.

Just my two cents

 

[glenn walker]

AO's and FAQ's are not part of USPAP. So they don't over-ride USPAP. There is only one Signature Required for Certicifcations. Does not matter if the Cert's are one page or ten Pages.

Yeah yeas ago I knew an-appraiser and his State Board had said he made a USPAP error- The appraiser sent them a copy of teh FAQ and they still rejected his argument . Also just took USPAP last week and the instructor addressed FAQs-and he said that they were not part of USPAP and only a guideline bases on how your appraisal peers would handle it. Kinda bothered me because if the old boys want to spend the time creating a list of a FAQs I would assume they had come to a consensus that the Answer to s FAQ is USPAP compliant. They need to rename the FAQs to Possible Unsupported -Suggestions that may or may not be USPAP compliant and to only use at your own risk : ) LOL

 

[ZZGAMAZZ]

Yeah yeas ago I knew an-appraiser and his State Board had said he made a USPAP error- The appraiser sent them a copy of teh FAQ and they still rejected his argument . Also just took USPAP last week and the instructor addressed FAQs-and he said that they were not part of USPAP and only a guideline bases on how your appraisal peers would handle it. Kinda bothered me because if the old boys want to spend the time creating a list of a FAQs I would assume they had come to a consensus that the Answer to s FAQ is USPAP compliant. They need to rename the FAQs to Possible Unsupported -Suggestions that may or may not be USPAP compliant and to only use at your own risk : ) LOL

Seems that a new AF Category is needed: "Alternative Terms for the USPAP Frequently Asked Questions."

#1: PUS [Possible Unupport Suggestions]
#2: WLAD [If it Walks Like A Duck . . . ]

 

[sputnam]

Lenders and form writers can ask for anything they want. Not so long ago, it was common for Lenders to have revision requests based on the supposed Fannie Mae 'rules' that required all comps to be within 1 mile of the subject. Only, there was never any such rule. Guidelines are not rules. Same thing.

 

[ZZGAMAZZ]

Lenders and form writers can ask for anything they want. Not so long ago, it was common for Lenders to have revision requests based on the supposed Fannie Mae 'rules' that required all comps to be within 1 mile of the subject. Only, there was never any such rule. Guidelines are not rules. Same thing.

Do the FNMAE forms reflect mandatory current policy?

 

[Raven59]

The USPAP addendum discussed has a prior service selection, have or have not performed prior services. The client requires additional supplemental information like a map, photograph, or further commentary be added to the report. The report content and the report date change, but the effective and results remain unchanged. On this USPAP addendum, would one just enter "no" for prior service and comment about the revision on the addendum or within the report or is the answer "yes" and do the same on the addendum or within the report? Asking for a friend, too.

 

[ZZGAMAZZ]

The USPAP addendum discussed has a prior service selection, have or have not performed prior services. The client requires additional supplemental information like a map, photograph, or further commentary be added to the report. The report content and the report date change, but the effective and results remain unchanged. On this USPAP addendum, would one just enter "no" for prior service and comment about the revision on the addendum or within the report or is the answer "yes" and do the same on the addendum or within the report? Asking for a friend, too.

Good question. Maybe a definitive answer does not exist. --G.M., Weirton native