Mike Kennedy
Elite Member
- Joined
- Sep 28, 2003
- Professional Status
- Certified Residential Appraiser
- State
- New York
MANY THANKS TO MR. BRENAN FOR REPLYING TO MY RECENT INQUIRY, AND PAM CROWLEYS YEAR OLD PRIOR INQUIRY, RE "A THING OF VALUE" i.e. free comp check prior to receiving an ACTUAL "full" appraisal order.
IS AN APPRAISERS' EXPERTISE AND EXPERIENCE WORTH ........ZILCH? EVIDENTLY.
IS A RANGE OF VALUES EXPRESSED EITHER VERBALLY OR IN WRITING OR VIA ELECTRONIC TRANSMISSION BY A LICENSED APPRAISER AN APPRAISAL ???
SOMETIMES. SOMETIMES NOT. POSSIBLY. COULD BE - MAYBE NOT..........
IS ACCEPTING AN ORDER FOR A "FULL" APPRAISAL CLEARLY CONDITIONAL UPON PROVIDING A RANGE OF VALUES I.E. SOME SALES OR ALL SALES WHICH DEMONSTRATE CURRENT RANGE OF VALUES IN A NEIGHBORHOOD - REALLY CONDITIONAL ????
WELL - YES AND NO
TO PRE-COMP OR NOT TO PRE-COMP - ..........THAT IS STILL THE QUESTION....THE STATUS-QUO IS PROTECTED ......ONCE AGAIN..
NON-SPECIFIC ANSWER MEANS ..............THE GAME
CONTINUES.....
Question:
[FONT=Times New Roman,Times New Roman]Does USPAP allow appraisers to perform "comp check" assignments for free? [/FONT]
Response:
[FONT=Times New Roman,Times New Roman]Yes. However, the appraiser would have to ensure that receiving a "full" appraisal assignment is not contingent upon the result of the "comp check" assignment. [/FONT]
REALITY CHECK FOR THE ASC: ........DUH.......... UNLESS THE "COMPS" INDICATE A MINIMUM $$ POINT OR MINIMUM RANGE OF VALUES SUFFICIENT TO "DO THE DEAL" - THE "FULL" ORDER IS ........NEVER.....ISSUED.
LAST TIME WE LOOKED - " A POINT OR RANGE OF VALUES = AN APPRAISAL". IMAGINE THAT. WHO KNEW??
IS AN APPRAISERS' EXPERTISE AND EXPERIENCE WORTH ........ZILCH? EVIDENTLY.
IS A RANGE OF VALUES EXPRESSED EITHER VERBALLY OR IN WRITING OR VIA ELECTRONIC TRANSMISSION BY A LICENSED APPRAISER AN APPRAISAL ???
SOMETIMES. SOMETIMES NOT. POSSIBLY. COULD BE - MAYBE NOT..........
IS ACCEPTING AN ORDER FOR A "FULL" APPRAISAL CLEARLY CONDITIONAL UPON PROVIDING A RANGE OF VALUES I.E. SOME SALES OR ALL SALES WHICH DEMONSTRATE CURRENT RANGE OF VALUES IN A NEIGHBORHOOD - REALLY CONDITIONAL ????
WELL - YES AND NO
TO PRE-COMP OR NOT TO PRE-COMP - ..........THAT IS STILL THE QUESTION....THE STATUS-QUO IS PROTECTED ......ONCE AGAIN..
NON-SPECIFIC ANSWER MEANS ..............THE GAME

Question:
[FONT=Times New Roman,Times New Roman]Does USPAP allow appraisers to perform "comp check" assignments for free? [/FONT]
Response:
[FONT=Times New Roman,Times New Roman]Yes. However, the appraiser would have to ensure that receiving a "full" appraisal assignment is not contingent upon the result of the "comp check" assignment. [/FONT]
REALITY CHECK FOR THE ASC: ........DUH.......... UNLESS THE "COMPS" INDICATE A MINIMUM $$ POINT OR MINIMUM RANGE OF VALUES SUFFICIENT TO "DO THE DEAL" - THE "FULL" ORDER IS ........NEVER.....ISSUED.
LAST TIME WE LOOKED - " A POINT OR RANGE OF VALUES = AN APPRAISAL". IMAGINE THAT. WHO KNEW??
Last edited: